Powell: Higher rates unlikely to cause deep U.S. recession

The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels – and in the process caused a deep recession and sharply higher unemployment.

Advertisements

Read More

Previous post Britain's new Prime Minister Liz Truss can be a UK powerhouse just like Margaret Thatcher was
Next post Zelenskyy champions 'good news' from Kharkiv as forces retake villages from Russia troops