The Fed’s Powell Goes to Capitol Hill Today. What to Watch

Barrons2022-06-22

Inflation has become as much a political problem as an economic one. That will be on full display this week as Federal Reserve Chair Jerome Powell heads to Capitol Hill.Powell will deliver the central...

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Comments

  • CArs
    2022-06-23
    CArs
    Hoo
  • PearlynCSY
    2022-06-23
    PearlynCSY
    Fed officials start to embrace the possibility of recession. Policymakers at the Federal Reserve are beginning to entertain the possibility of recession, as high inflation pushes the central bank to raise interest rates at the fastest pace in decades.“It’s certainly a possibility,” Fed Chairman Jerome Powell told the Senate Banking Committee on Wednesday when asked about the chance of a recession.Powell clarified: “It’s not our intended outcome.”The Fed chief's remarks on Wednesday stand in contrast to his commentary from early May, when the Fed chair asserted that, “nothing about [the economy] suggests that it’s close to, or vulnerable to, a recession.”The change in tone underscores seeming concern within the Fed that the cost of lowering inflation may be a drop-off in economic growth and
  • Home22
    2022-06-22
    Home22
    🚀🚀🚀
  • StarGalaxy
    2022-06-22
    StarGalaxy
    Ok
  • AndyCHLim
    2022-06-22
    AndyCHLim
    Ok
  • Andersonkana
    2022-06-22
    Andersonkana
    Good
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