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

Jerome Powell

Federal Reserve Chair Jerome Powell (Photo: Reuters)

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

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

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