Fed's aggressive rate hikes raise likelihood of a recession - The Associated Press


6/15/2022 12:00:00 AM2 years 10 months ago
by Paul Wiseman

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing…

WASHINGTON (AP) Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Feds efforts so far to tame it. Increasing… [+5940 chars]

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