excalibur
Diamond Member
- Mar 19, 2015
- 18,166
- 34,446
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Hold on here!
While Biden keeps bragging about his [worse misnamed bill ever] "Inflation Reduction Act", Fed Chairman Powell says interest rates will go higher than anticipated to fight inflation.
Hmmm?
And here is Biden bragging about his 'Act' called the inflation reduction act.
And suckers believe Biden.
www.theepochtimes.com
While Biden keeps bragging about his [worse misnamed bill ever] "Inflation Reduction Act", Fed Chairman Powell says interest rates will go higher than anticipated to fight inflation.
Hmmm?
And here is Biden bragging about his 'Act' called the inflation reduction act.
And suckers believe Biden.
The Federal Reserve will likely keep raising interest rates higher than officials had first thought, Chair Jerome Powell told lawmakers in Washington.
...
Powell warned lawmakers that the Fed’s inflation-fighting campaign is not over, adding that he and his colleagues understand that these efforts are “causing significant hardship” across the country. But, he noted, the institution is firmly committed to resuscitating price stability and bringing the inflation target rate to the Fed’s 2 percent objective.
“Over the past year, we have taken forceful actions to tighten the stance of monetary policy,” Powell said. “We have covered a lot of ground, and the full effects of our tightening so far are yet to be felt. Even so, we have more work to do.”
...
...
Powell warned lawmakers that the Fed’s inflation-fighting campaign is not over, adding that he and his colleagues understand that these efforts are “causing significant hardship” across the country. But, he noted, the institution is firmly committed to resuscitating price stability and bringing the inflation target rate to the Fed’s 2 percent objective.
“Over the past year, we have taken forceful actions to tighten the stance of monetary policy,” Powell said. “We have covered a lot of ground, and the full effects of our tightening so far are yet to be felt. Even so, we have more work to do.”
...
Fed Raising Interest Rates Higher Than First Thought, Jerome Powell Tells Senate Committee
The Federal Reserve will likely keep raising interest rates higher than officials had first thought, according to Chair Jerome Powell.
www.theepochtimes.com
