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

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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