Fed Chairman Powell: Expected to raise interest rates by 0.5 percentage points in May to curb inflation

Fed Chair Powell: Expected to raise interest rates by 0.5 percentage points in May to curb inflation

2022-04-22 06:34

Source: Securities Times Network

Author: Song Tenghu

Securities Times Network

Song Tenghu

2022-04-22 06:34

Securities Times Network News, according to CCTV news, on the 21st local time, Federal Reserve Chairman Jerome Powell (Jerome Powell) said that the Federal Reserve is expected to raise interest rates by 0.5 percentage points in May to curb inflation. rate hike. Powell said the Fed’s main focus is to reduce inflation. “The economy cannot function without price stability,” he noted.

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