Jerome Powell Says the Fed is Prepared To Raise Rates To Tame Inflation
Jerome H. Powell, the Federal Reserve chair, told lawmakers on Tuesday that a rapidly healing economy no longer needed as much help from the central bank and that keeping inflation in check – including by raising interest rates – would be critical for enabling a stable expansion that benefits workers. From a report: Mr. Powell, … ⌘ Read more

inflation benefits the debtor at the expense of the creditor. The real danger is deflation.

inflation benefits the debtor at the expense of the creditor. The real danger is deflation.