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The Fed isn't afraid to bring pain πŸ¦…
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The Fed isn't afraid to bring pain πŸ¦…

Jay Powell & Co are 'strongly committed' to tackling inflation 🎈

Sam Ro, CFA
Jun 15, 2022
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The Fed isn't afraid to bring pain πŸ¦…
www.tker.co
Fed Chair Jerome Powell. (Source: Getty)

The Federal Reserve has gotten extra aggressive about fighting inflation.1

On Wednesday, the Fed raised short-term interest rates by 75 basis points to a range of 1.25% to 1.50%. It was the largest increase the central bank made in a single announcement since 1994.

In its policy announcement, the Fed said it was β€œstr…

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