On The Money — Powell warns of pain from Fed rate hikes ...Middle East

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On The Money — Powell warns of pain from Fed rate hikes
The chairman of the Federal Reserve had a stark warning: The central bank will keep hiking rates to fight inflation, and no one is going to like how it feels. We’ll also look at the evolving price tag of President Biden’s student loan forgiveness plan and a welcome decline in inflation.  But first, check out the most popular potential 2024 presidential candidate.  Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here. Fed chief says there’s no end in sight for rate hikes  Federal Reserve Chair Jerom

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