Jerome Powell

Why is the Federal Reserve pushing unemployment up?

Federal Reserve Chairman Jerome Powell said on Wednesday that it would be nearly impossible for a central bank to beat inflation without hundreds of thousands of Americans losing their jobs. Federal Reserve officials expect the unemployment rate to rise to 4.4 percent next year, up from 3.7 percent in August, as they raise borrowing costs …

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Fed again advances interest rate hike by three-quarters of a straight point | CNN Business

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a third consecutive hike of 75 basis points in a strong move to tackle the severe inflation plaguing the US economy. The massive rally, which could not be understood by markets just months ago, is taking the central bank’s benchmark lending …

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