NEWS ROUNDUP: Fed Raises Rates and BTC Tumbles With Markets ep255
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Powell's Inflation Is Not Going to Happen
Powell pushed rates up half a percentage point, saying he expects the next two moves would also be half point increases. He praised his predecessor, paul volker, who finally slew the inflation dragon with interest rates of nearly 20 % that drove the 19 eighties economy deep into recession. But there are some who feared the current us. Central banker has waited too long to hig rates, allowing rising prices to get a foothold and making recession inevitable,. Even as north america faces, faces surging imported inflation.
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