Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown

Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown

Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its interest rate increases slow the economy sharply but don’t reduce inflation quickly. Mr. Powell on Thursday said that in such a scenario, the Fed would be reluctant to shift from raising rates to cutting them …

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