Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’

Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’

• Federal Reserve Chair Jerome Powell said Thursday he is “strongly committed” to fighting inflation.
• The Fed has raised benchmark interest rates four times this year, with the fed funds rate now set in a range between 2.25%-2.50%.
• This was the Fed chief’s last publicly scheduled appearance before the central bank’s Sept. 20-21 meeting.

https://www.cnbc.com/2022/09/08/fed-chair-powell-vows-to-raise-rates-to-fight-inflation-until-the-job-is-done.html