
Business Jun 23, 2022
Jerome Powell says soft landing ‘very challenging’ and recession possible
Powell said officials "anticipate that ongoing rate increases will be appropriate,” to cool the hottest price pressures in 40 years.
For Craig Torres's latest contributions to The Japan Times, see below:
Powell said officials "anticipate that ongoing rate increases will be appropriate,” to cool the hottest price pressures in 40 years.
On Wednesday, the Fed raised interest rates by 50 basis points for the first time since 2000, and Chair Jerome Powell says similar moves are on the table for June and July.
The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore. Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe ...