Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began Read more
Tag: avoided
Fed’s Bostic thinks recession can be avoided even with further interest-rate hikes
The Federal Reserve can keep raising its benchmark rate this year at the fastest pace in nearly 30 years without causing a recession, Atlanta Fed President Raphael Bostic said Monday. Read more