Jerome Powell, the Federal Reserve (Fed) Chairman, recently announced a small but significant increase in interest rates from 5% to 5.25% to combat inflation, raising interest rates the 10th time since last year. However, Powell is now being criticized for increasing interest rates in the middle of a banking crisis, which has increased the risk of a full-blown banking crisis and put the final nail in the American economy.
[DDIntel] Fed Moves, Dollar Economy, and GPT-based Research
[DDIntel] Fed Moves, Dollar Economy, and…
Jerome Powell, the Federal Reserve (Fed) Chairman, recently announced a small but significant increase in interest rates from 5% to 5.25% to combat inflation, raising interest rates the 10th time since last year. However, Powell is now being criticized for increasing interest rates in the middle of a banking crisis, which has increased the risk of a full-blown banking crisis and put the final nail in the American economy.