Fed ’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.…#federalreserve #response #jeromepowell #wendyedelberg #hamiltonproject #sophiadrossos #bloombergtelevision #ubssecurities #jonathanpingle #arizona

Source: Reuters: Health - March 24, 2024 Category: Consumer Health News Source Type: news