Good afternoon. My colleagues and i are strongly committed to bringing inflation back down and we are moving expeditiously to do so. We have both the tools that we need and the result it will take to restore price stability on behalf of American Families and businesses. The economy and country have been through a lot in the past two and a half years. It is important we bring inflation down to our 2 goal if we will have a sustained period of strong labor Market Conditions that benefit all. From the standpoint of oracle personal mandate to promote maximum employment and price stability, the picture is plain to see. The labor market is extremely tight, and inflation is much too high. Against this backdrop, today the fomc raised its policy Interest Rate by three quarters of a percent, and anticipates that ongoing increases in the target range for the federal funds rate will be appropriate. In addition, we are continuing the process of significantly reducing the size of our Balance Sheet, a
Increase of three quarters of a percentage point to combat inflation. The fed anticipates additional rate increases in the future. This is just under an hour. Toad reporters he doesnt think the u. S. Economy is in recession. He announced an Interest Rate increase of 0. 75 to combat inflation. The Federal Reserve anticipates additional rate increases in the future. This is just under one hour. Good afternoon. My colleagues and i are strongly committed to bringing inflation back down and we are moving expeditiously to do so. We have both the tools that we need and the result it will take to restore price stability on behalf of American Families and businesses. The economy and country have been through a lot in the past two and a half years. It is important we bring inflation down to our 2 goal if we will have a sustained period of strong labor Market Conditions that benefit all. From the standpoint of oracle personal mandate to promote maximum employment and price stability, the picture
Federal reserve chairman Jerome Powell toad reporters he doesnt think the u. S. Economy is in recession. He announced an Interest Rate increase of 0. 75 to combat inflation. The Federal Reserve anticipates additional rate increases in the future. This is just under one hour. Good afternoon. My colleagues and i are strongly committed to bringing inflation back down and we are moving expeditiously to do so. We have both the tools that we need and the result it will take to restore price stability on behalf of American Families and businesses. The economy and country have been through a lot in the past two and a half years. It is important we bring inflation down to our 2 goal if we will have a sustained period of strong labor Market Conditions that benefit all. From the standpoint of oracle personal mandate to promote maximum employment and price stability, the picture is plain to see. The labor market is extremely tight, and inflation is much too high. Against this backdrop, today the f