In another unanimous decision, the Federal Reserve’s policy-setting committee raised its target rate on Wednesday by another 75 basis points, or three-quarters of a percentage point, continuing an aggressive cycle of tightening monetary policy to battle decades-high inflation.
Powell Packs Another Powerful Punch
Fed Chair Stays the Course on Rate Hikes, Says Experience 'Cautions Strongly Against Prematurely Loosening Policy'
CoStar Analytics
November 2, 2022 | 8:46 P.M.
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IN THIS ARTICLE
- Companies
- Federal Reserve System
Public Administration
- Contacts
- Jerome Powell
Chair of the Board of Governors, Federal Reserve