Fed does not care about the economy… they only care about making the capitalists richer
Powell expects inflation to fall closer to Fed's goal by end of next year<blockquote>鲍威尔预计明年年底通胀将更接近美联储目标</blockquote>
Economic growth and "rapid gains" in the employment picture are supporting the central bank's decision to accelerate the tapering of its asset purchase program, Federal Reserve Chair Jerome Powell said during his post-FOMC press conference.The recent increase in COVID and the emergence of the Omicron variant "poses risk to the outlook," he said.
No worries, the higher interest rates will not add to inflation.
Dow industrials pop up and stock market tries to clamber higher, even as Fed projections point to 3 rate hikes in 2022<blockquote>尽管美联储预测2022年将加息3次，道琼斯工业指数飙升，股市试图攀升</blockquote>
U.S. stock benchmarks on Wednesday afternoon were pivoting modestly higher as the Federal Reserve he