Jerome Powell, the Chair of the Federal Reserve has a clear message for everyone: ‘We will keep increasing interest rates until inflation in the US is at the target 2% rate’ Translation: We will deliberately slow down the US economy, because we pumped it up with too much stimulus during the last two years, bringing inflation to record levels. There is pain incoming folks. Get ready.
What's all the fuss about the Fed rate hike?
What's all the fuss about the Fed rate hike?
What's all the fuss about the Fed rate hike?
Jerome Powell, the Chair of the Federal Reserve has a clear message for everyone: ‘We will keep increasing interest rates until inflation in the US is at the target 2% rate’ Translation: We will deliberately slow down the US economy, because we pumped it up with too much stimulus during the last two years, bringing inflation to record levels. There is pain incoming folks. Get ready.