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Fed officials are warning of more pain. Many Americans are already feeling it
Officials said further rate hikes could slow inflation, but they warned that wage-dependent households are already bearing the heaviest costs.
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8 Articles
8 Articles
Fed officials are warning of more pain. Many Americans are already feeling it
By Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost. The Fed needed to act “forcefully,” Powell told attendees at a key central banker conference that August. Doing so, he cautioned,
·Idaho Falls, United States
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Total News Sources8
Leaning Left0Leaning Right0Center8Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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