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.
Leave a Reply
You must be logged in to post a comment.