Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

https://finance.yahoo.com/news/fed-powell-ready-support-job-160000145.html

As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the central bank is signaling a willingness to cut rates to head off a job-cutting spiral – even if that means somewhat higher inflation for a while.