US Fed's Powell Sets Path to Restrain Economy and Stop Runaway Inflation
Updated: 16 Jun 2022, 08:16 AM IST
TL;DR.Federal Reserve Chair Jerome Powell took a step toward assuming the mantle of inflation slayer Paul Volcker, all but acknowledging that reining in run-away price pressures may result in a recession.
US Federal Reserve Chair Jerome Powell departs after speaking at a news conference on interest rates at the Federal Reserve Building in Washington. (Photo by Olivier DOULIERY / AFP)