The Fed passes the first test of its inflation resolve ...Middle East

The Hill - News
The Fed passes the first test of its inflation resolve
The Federal Open Market Committee’s (FOMC) decision to boost the federal funds rate by 25 basis points represents the first major test of its commitment to curtail inflation.  The Fed’s challenge was to demonstrate its resolve while maintaining confidence in the financial system amid the sudden collapse of Silicon Valley Bank (SVB) and the fallout for regional banks. It indicated “additional policy firming may be appropriate,” but did not commit to a future course of action and acknowledged credit could become tighter. What transpired in the past two weeks is truly exceptional. When Federal Reserve Chairman Jerome Powell testified before Congress on March 7 and 8, he stated that the Fe

Hence then, the article about the fed passes the first test of its inflation resolve was published today ( ) and is available on The Hill ( Middle East ) 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 ( The Fed passes the first test of its inflation resolve )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News