Powell Hampers the Federal Reserve with an Unforced
Error
https://www.bloomberg.com/opinion/articles/2022-05-05/powell-hampers-the-federal-reserve-with-an-unforced-error
https://www.bloomberg.com/opinion/articles/2022-05-05/powell-hampers-the-federal-reserve-with-an-unforced-error
Fed Hikes Rates Half-Point as Powell Signals
Similar Moves Ahead
https://www.bloomberg.com/news/articles/2022-05-04/fed-hikes-rates-half-point-will-shrink-assets-to-curb-inflation
https://www.bloomberg.com/news/articles/2022-05-04/fed-hikes-rates-half-point-will-shrink-assets-to-curb-inflation
Fed raises rates half a percentage point, its
largest increase since 2000.
https://www.nytimes.com/2022/05/04/business/economy/fed-rate-decision-inflation.html
https://www.nytimes.com/2022/05/04/business/economy/fed-rate-decision-inflation.html
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504a.htm
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities on June 1, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in conjunction with this statement.