Market sell-off won't stop Fed's interest rate hike campaign

The recent stock market mayhem won't change the Fed's plan for a series of aggressive interest rate hikes meant to curb inflation, Jerome Powell said today.

won't change the Federal Reserve's plan for a series of aggressive interest rate hikes meant to curb soaring inflation, Fed chair Jerome Powell said on Tuesday.

The nation's most influential economic policymaker says the Fed won't back down from an historic campaign to squash prices rising at the fastest pace in 40 years."What we need to see is inflation coming down in a clear and convincing way. We’re going to keep pushing until we see that,” Powell said,"If that involves moving past broadly understood levels of [the neutral interest rate], we won’t hesitate to do that.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

axios /  🏆 302. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Family fed up with illegal dumping near historic cemetery in southeast HoustonMail, large furniture and even city of Houston trash bins have all been abandoned at the site.
Les mer »

New York Fed Manufacturing Index Unexpectedly CrashesBusiness activity in New York state declined sharply and unexpectedly in May, a report from the Federal Reserve Bank of New York showed Monday.
Les mer »

Sheriff: 2 dead, 3 hospitalized in Houston market shootingPolice in Texas said two are dead and three are injured after a shooting at a Houston flea market.
Les mer »

Updates on deadly flea market shootingLIVE: HCSO investigators are providing updates after two people were killed and three others were injured in a shooting at a north Harris County flea market....
Les mer »

2 killed, at least 3 others injured in shooting near Texas flea marketTwo people died and several were others injured in a shootout near a Texas flea market Sunday afternoon, according to News4JAX partner station KPRC.
Les mer »

2 dead, 3 hurt in shooting at Houston flea marketTwo people are dead and three others are hurt in a shooting at a Houston flea market on Sunday, the Harris County Sheriff's Office said.
Les mer »