As a result of testimony given by the Chairman of the Federal Reserve, Jerome Powell, the likelihood of a sizable increase in interest rates has gone up, and more suffering is on the way. During his semiannual congressional testimony on Tuesday, the Chairman of the Federal Reserve adopted a hawkish tone, increasing the likelihood of a larger interest rate in the near future.
Tag: Jerome Powell
Fed Facing New Tension Due to a Republican-Controlled House
After working with a generally cooperative Congress over the previous two years, Federal Reserve Chair Jerome Powell now confronts escalating tensions over his policies, as Democrats warn of job losses and Republicans continue to emphasize the significance of price stability.