Fed Chair Jerome Powell: We won't hesitate to raise rates to tame inflation
CNN
Hindsight is 20:20, even for the Federal Reserve.
The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday.
"In hindsight, it would have been better to raise rates earlier," Powell said in an interview at the Wall Street Journal's Future of Everything event.
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