Fed Chair Jerome Powell was challenged with questions about the crypto crash and digital assets during a hearing. He repeatedly highlighted a need for a better regulatory framework for crypto.
Federal Reserve Chair Jerome Powell told Congress that the U.S. central bank must"go ahead" and keep raising interest rates to get inflation down, even if that means that the economy faces higher unemployment and a potential recession.
“We are not trying to provoke and do not think we will need to provoke a recession, but we do think it’s absolutely essential that we restore price stability, really for the benefit of the labor market, as much as anything else,” he said.in May, a new high that surprised economists, traders and even Fed officials. Powell said the Fed will continue to raise interest rates until it sees a clear sign that inflation is cooling down.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
New MAG chair to focus on transportation, homelessnessGetting Proposition 400 extended to continue funding road projects and addressing homelessness in the area are Avondale mayor Ken Weise's top priorities as he takes over as chair of the board of the Maricopa Association of Governments:
Consulte Mais informação »
Arizona GOP chair subpoenaed in federal investigation of fake electorsArizona Republican Party Chair Kelli Ward and her husband, Michael Ward, were both subpoenaed as part of the federal investigation into fake slates of electors, a source tells CNN.
Consulte Mais informação »
Wall Street elite investor worries: recession, inflation, stock market crash, and Fed mistakesWall Street's elite investors are convinced a recession is all but inevitable — and the stock market's collapse has only just begun
Consulte Mais informação »
Fed up with being beaten up, flight attendants fight backThey’re kicked, shoved and slapped, spat at, punched and occasionally even bitten. Now the nation’s flight attendants are fighting back. With bipartisan...
Consulte Mais informação »
San Francisco Fed president: Getting inflation down is ‘number one priority’FOX Business' Edward Lawrence sits down with San Francisco Federal Reserve President Mary Daly to discuss inflation and the U.S. economy under President Biden.
Consulte Mais informação »
Fed policymakers embrace more rate hikes, markets a little lessA pair of U.S. central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared.
Consulte Mais informação »