2022 Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.Ĭhristopher Rugaber, ajc, 22 June 2022 Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.Ĭhristopher Rugaber, Anchorage Daily News, 22 June 2022 Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.Ĭhristopher Rugaber, Chicago Tribune, 22 June 2022 The combination of big, month-after-month jumps in the CPI, and rising fast-rising interest rates that throttle the economy, would spell stagflation. Recent Examples on the Web: Verb So what’s the lesson here about when to throttle back?

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