Tag: interest rates
Fed Chair Powell Grilled on Interest Rate Hikes: Positive Money Response
March 8, 2023
Washington, D.C — This week, Federal Reserve Chair Powell testified before Congress to discuss the Fed’s latest semiannual “Monetary Policy Report.” The report and Chair Powell’s testimony confirmed the Fed’s commitment to continued
Interest Rate Hikes are the Wrong Tool: Positive Money US Response
September 22, 2022
The Federal Reserve has raised rates for the third consecutive time by 0.75%, in an attempt to tame inflation by increasing the cost of borrowing and therefore dampening demand. Positive Money U.S.’s lead campaigner Akiksha Chatterji said,