Fed May Require 7.5 Percent Unemployment to Lower Inflation
The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested.
Jerome Powell
Fed’s Powell Warns of Economic Pain: Inflation Fight Will Last ‘Some Time’
Federal Reserve Chairman Jerome Powell has warned Americans to brace for a long period of economic pain, revealing that he expects the fight against inflation will last “for some time.”
Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs
Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.
Jerome Powell: Fed Is ‘Acutely Focused’ on Fighting Inflation
Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed’s highest priorities.
Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.