Fed takes "forceful and rapid" steps to moderate demand: Powell's press conference

Sep. 21, 2022 2:36 PM ETBy: Liz Kiesche, SA News Editor250 Comments

Federal Reserve Chairman Powell Holds A News Conference On Interest Rate Policy

Win McNamee

The Federal Reserve is raising rates "purposefully" to reach levels to bring down inflation, Federal Reserve Chair Jerome Powell said in the press conference after the central bank raised its key rate by 75 basis points

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