Yahoo Finance published this video item, entitled “Philadelphia Fed President Harker on 75 basis point rate increase” – below is their description.
#interestrates #
Yahoo Finance Brian Cheung spoke with Philadelphia Fed President Patrick Harker on the Fed’s rate hike, unemployment, supply chains and inflation.
Yahoo Finance YouTube Channel
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Brian Cheung is an on-air reporter covering the Federal Reserve, economics, and banking for Yahoo Finance. He previously wrote for S&P Global Market Intelligence and, prior to that, worked at the Federal Reserve.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Philadelphia, Pennsylvania’s largest city, is notable for its rich history, on display at the Liberty Bell, Independence Hall (where the Declaration of Independence and Constitution were signed) and other American Revolutionary sites. Also iconic are the steps of the Philadelphia Museum of Art, immortalized by Sylvester Stallone’s triumphant run in the film “Rocky.”
