US Fed Says Will Keep Raising Interest Rates Until Inflation Is At 2%

[Economy 53,090]

https://www.cnbc.com/2022/09/08/fed-chair-powell-vows-to-raise-rates-to-fight-inflation-until-the-job-is-done.html

 

US Fed Chairman Jerome Powell says The Fed will keep raising rates until it's job of getting inflation back to 2% target is done

 

Presumably the Fed is also refering to continuing Quantitative Tightening as well as they reverse the liquidity produced during quantitative easing

 

The current interest rate stands at 2.25% to 2.5% range and a 0.75% increase is expected in the next meeting taking the rate to 3% to 3.25%