. “I think it will probably be appropriate soon to maintain a slower pace of increases,” Brainard said Monday at an event hosted by Bloomberg News in Washington, DC. The Fed has taken the unprecedented step of issuing a series of massive rate hikes in its battle to tame decades-high inflation. At each of its past four meetings, the central bank approved a rate hike of three-quarters of a percentage point, raising its benchmark lending rate by 4 percentage points in just nine months.
While the main goal of tighter monetary policy is to bring demand into better alignment with supply, there are expectations that it could ultimately lead to higher unemployment. Noting a “highly unusual labor market” thrown into upheaval due to the global pandemic, there remains a considerably high ratio of openings to unemployed workers. The Fed is hopeful that some demand can be filled by those high vacancies, instead of just layoffs, she said.
She did not say that at all
Typical liberal media
These interest rate hikes hurt young families.
Those Israelis need to learn some self control.
Their floundering is hilarious; their inability to look into the mirror rather than futilely attempting to place blame on anyone but themselves is disturbing.
Happy Holiday's, thanks to Biden! .
Either way you look at it, we're in for a long, deep recession with the worst yet to come! .
Nigeria presidential candidate is a DRUG BARON. His name is BOLA AHMED TINUBU Nigeria presidential candidate is DRUG BARON. His name is Ahmed Tinubu Nigeria presidential candidate is DRUG BARON. His name is Ahmed Tinubu Nigeria presidential candidate is a drug baron.
After the initial pace failed to achieve its goal of a majority GOP Congress.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »