Fed Chairman Powell: We're Not Trying to Have a Recession
By Kira Davis | Jul 27, 2022 4:00 PM ET
On Wednesday, Federal Reserve chair Jerome Powell announced a .75% rate hike in an attempt to stave off further inflation.
The Federal Reserve released a statement explaining the move, and preparing consumers for the possibility of more rate hikes ahead. They were sure to sandwich in a little “Putin’s Price Hike” talk to boot.
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