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Fed Chair Jerome Powell Expects Large September Rate Hike as the Fed is under continuing pressure for another 75 basis-point interest rate hike at its upcoming meeting next month as data on Friday showed job gains despite high inflation and rising costs.
The Federal Reserve’s anti-inflation measures appear likely to drive higher unemployment that could lead to a recession in coming years
If you decide that the speed of getting there is just as important as the level that you’re going to get to, then why not get there faster? The very hawkish shift in monetary policy is “not fun for the Fed,” adding, People are going to get put out of work” as a result of what the Fed will do – Former New York Fed president William Dudley
