Powell hardens his hawkish pivot towards half-point Fed rate hikes ...Qatar

Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labour market as overheated. “I would say that 50 basis points will be on the table for the May meeting,” Powell said at an IMF-hosted panel on Thursday in Washington that he shared with European Central Bank President Christine Lagarde and other officials. He said demand for workers is “too hot - you know, it is unsustainably hot.” The Fed chief is taking direct aim at strong demand that the central bank wants to cool. It’s a strategy that bears considerable risk for US workers and the eco

Hence then, the article about powell hardens his hawkish pivot towards half point fed rate hikes was published today ( Friday 22/04/2022 - 09:56 PM ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Powell hardens his hawkish pivot towards half-point Fed rate hikes )

Also on site :

• France to ditch American video conferencing services
• EU’s Kallas privately complaining about ‘dictator’ von der Leyen – Politico
• This Las Vegas Attraction Is Part Art Space, Part Theme Park—And It’s Expanding in 2026