Jerome Powell’s inflation-fighting pledge could tee up another 0.75-point interest rate rise
4 min read . Updated: 07 Sep 2022, 06:18 PM IST
Premium- Fed officials face questions over how high to lift rates by year’s end and how fast to get there
Federal Reserve Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment appears to have put the central bank on a path to raise interest rates by 0.75 percentage point rather than 0.50 point this month.
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