From WSJopinion: More aggressive interest-rate hikes will cost millions of jobs and won’t address the causes of high prices, writes SenWarren
In an effort to tackle inflation, the federal reserve is raising interest rates to three-quarters of a percentage point, and could do the same again in July. So why the mixed messages in Jerome Powell’s briefing? Images: Shutterstock/Reuters Composite: Mark KellyEven as the pandemic continues to take its toll, the U.S. has experienced a surprisingly strong economic recovery. Since President Biden’s inauguration, the U.S. economy has created nine million new jobs.
Inflation is a global phenomenon inflicting significant financial pain on families everywhere. Rising costs are an urgent problem, and interest rates play a key role in maintaining price stability. But urgency is no excuse for doubling down on a dangerous treatment. As with any illness, the right medicine starts with the right diagnosis.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Powell sells over $1 million in municipal bonds to comply with new Fed ethics rulesFederal Reserve Chairman Jerome Powell offloaded more than $1 million in municipal bonds as a slate of new ethics rules takes effect.
Les mer »
Ex-US Treasury Sec. Summers: Fed needs to take strong action to curb inflationCommenting on the US Federal Reserve (Fed) policy path, former Treasury Secretary Lawrence Summers noted that the Fed policymakers need to take strong
Les mer »
Progressive Rep. Khanna blames inflation on Fed; says US should not export oil from strategic reserveU.S. Rep. Ro Khanna, a progressive from California, suggested that producing more goods in America rather than importing them from overseas will help lower inflation.
Les mer »
Yellen predicts Fed’s anti-inflation policies will be ‘successful,’ after wrongly calling it 'transitory'Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be 'successful' after previously admitting she'd been wrong about inflation.
Les mer »
Fed set to impose another big rate hike to fight inflationThis week it’s set to announce another hefty hike in its benchmark interest rate.
Les mer »
NZD/USD aims to recapture 0.6300 as Fed’s pre-anxiety remains on-shoreThe NZD/USD pair is auctioning around 0.6250 after a minute correction on Friday as the kiwi bulls found barricades around the critical hurdle of 0.63
Les mer »