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Last week the Fed announced its tenth consecutive interest rate hike, with Chairman Powell dropping this bomb: “It’s possible that we will have what I hope would be a mild recession.”
Federal Reserve Chairman Jerome Powell has issued a major warning about interest rate hikes, saying they may be on the horizon.
Federal Reserve Chairman Jerome Powell warns that elevated inflation poses a “severe” threat to U.S. jobs and economic recovery.
The Producer Price Index (PPI), gauges fluctuation in selling prices received by domestic producers over time, rose by 9.6% in November
The trouble with inflation is that explanations are just as likely to explain away what they purport to explain as they are to bring us closer to understanding them.
Federal Reserve Chairman Jerome Powell admitted that inflation will not only continue, but continue to rise.
Senator Ted Cruz schooled Alexandria Ocasio-Cortez (AOC), publicly calling her out for Democrats stalling relief package.
Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt.