Fed chief Jerome Powell pivots toward 50 bps interest rate hikes

Jerome Powell is taking direct aim at strong demand that the central bank wants to cool

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Federal Reserve Chair Jerome Powell (Photo: Reuters)

2 min read Last Updated : Apr 23 2022 | 12:35 AM IST

US Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market

Topics : Jerome Powell US Federal Reserve

First Published: Apr 23 2022 | 12:35 AM IST

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Fed chief Jerome Powell pivots toward 50 bps interest rate hikes

Jerome Powell is taking direct aim at strong demand that the central bank wants to cool

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