Powell Says Rate Hikes Could Cause a Recession

Bloomberg Markets and Finance published this video item, entitled “Powell Says Rate Hikes Could Cause a Recession” – below is their description.

Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that steep rate hikes could tip the US economy into recession, saying one is possible and calling a soft landing “very challenging.” He spoke before the Senate Banking Committee during the first of two days of congressional hearings. 

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