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Federal
Reserve Chairman Jerome Powell is heading to Capitol Hill this week for two
days of testimony before lawmakers. With data
pointing towards a hotter-than-expected economy, it's believed that he'll
take an aggressive stance in defending the possibility of raising interest
rates even further than originally planned. This is much
to the chagrin of many leftmost Democrats who have already discussed worries
over too harshly tackling inflation and entering into recession territory as
a result. The Fed
leader has maintained his position though; asserting that long-term
employment relies on price stability which justifies "softening"
labor conditions pushing down prices accordingly... |
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