Fed's aggressive rate hikes raise likelihood of a recession

By Agence France-Presse

Jun 16, 2022 4:37 pm

WASHINGTON, D.C.: Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.

Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.

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