Fed's Powell vows to raise rates as high as needed to kill inflation surge - Reuters
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5/17/2022 12:00:00 AM2 years 11 months ago
Federal Reserve Chair Jerome Powell on Tuesday pledged that the U.S. central bank would ratchet interest rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.
WASHINGTON, May 17 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday pledged that the U.S. central bank would ratchet interest rates as high as needed to kill a surge in inflation that he sa… [+4516 chars]
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