Fed Increases Interest Rates For The Fourth Time in 2022, Sparking Recession Concerns
|

Fed Increases Interest Rates For The Fourth Time in 2022, Sparking Recession Concerns

ByMike Joel

The Federal Reserve increased interest rates by another 75 basis points on Wednesday to help cool the country’s stubbornly high inflation. This move sparked experts’ concern that the economy may have already entered a recession. In a press conference following the rate hike, Fed Chairman Jerome Powell stated that he doesn’t think the economy is…

Confirmed! Senate Votes To Hand Jerome Powell Second Term As Federal Reserve Chair

Confirmed! Senate Votes To Hand Jerome Powell Second Term As Federal Reserve Chair

ByMike Joel

The U.S senate confirmed that Jerome Powell would be chairing the Federal Reserve Board for another four years in his second term. He secured this position on May 12, 2022, after the members of the Senate cast an 80-19 affirmative vote. Despite the expiry of his first term in February 2022, Powell has not left…