basquebromance
Diamond Member
- Nov 26, 2015
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Hopefully, Powell understands that the inflation we are experiencing is not because of traditional causes but because of the ongoing supply chain issues as a result of the covid pandemic. Raising interest rates will do nothing to address these.
"Chair Of The Federal Reserve Powell: We Expect Rate Hike In March Will Be Appropriate, We Will Begin To Reduce Balance Sheet After Process Of Raising Interest Rates Has Begun"
apnews.com
"Chair Of The Federal Reserve Powell: We Expect Rate Hike In March Will Be Appropriate, We Will Begin To Reduce Balance Sheet After Process Of Raising Interest Rates Has Begun"
![apnews.com](https://dims.apnews.com/dims4/default/d9de69e/2147483647/strip/true/crop/3000x1688+0+156/resize/1440x810!/quality/90/?url=https%3A%2F%2Fstorage.googleapis.com%2Fafs-prod%2Fmedia%2F61b39657dd3f484c89aec5e9a0077545%2F3000.jpeg)
Powell expects a quarter-point Fed rate hike this month
Chair Jerome Powell said he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed.
![apnews.com](https://apnews.com/favicon-32x32.png)