The Fed's 75-bps rate hike: Powell says 'strongly resolved' to bring inflation down2 min read . Updated: 22 Sep 2022, 06:13 AM IST
- Speaking at a news conference after the Federal Reserve raised its key interest rate, Fed Chair Jerome Powell said officials were ‘strongly committed’ to curbing inflation
- 'We're committed to getting inflation back down to 2%,' the Fed Chair said
The Federal Reserve on Wednesday raised the key US interest rate again and signalled more hikes are coming as it battles soaring prices – an aggressive stance that has raised fears of an eventual recession.
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