Fed chairman Jerome Powell says higher rates are needed to “fully tame” the worst bout of inflation to strike the US economy in four decades. Photo: Bloomberg
Fed chairman Jerome Powell says higher rates are needed to “fully tame” the worst bout of inflation to strike the US economy in four decades. Photo: Bloomberg
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Interest rate rises call for balancing act to allow global recovery

  • That the pace of increases is slowing is good news and should build confidence and stability, but central banks must exercise the greatest caution

SCMP Editorial
SCMP Editorial

Updated: 5:02am, 16 Dec, 2022

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Fed chairman Jerome Powell says higher rates are needed to “fully tame” the worst bout of inflation to strike the US economy in four decades. Photo: Bloomberg
Fed chairman Jerome Powell says higher rates are needed to “fully tame” the worst bout of inflation to strike the US economy in four decades. Photo: Bloomberg
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