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Jerome Powell Takes a Hawkish Step, Is It Enough to Quash Inflation? | Review & Outlook: WSJ Opinion

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Wall Street Journal Opinion

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Fri, 17 Jun 2022 00:00:00 GMT

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In an effort to tackle inflation, the federal reserve is raising interest rates to three-quarters of a percentage point, and could do the same again in July. So why the mixed messages in Jerome Powell’s briefing? Read ‘Review & Outlook’ editorials: https://www.wsj.com/news/author/editorial-board Subscribe to WSJ Opinion: https://bit.ly/3PovNsz More from WSJ Opinion: On site: https://www.wsj.com/news/opinion On Twitter: https://twitter.com/WSJopinion On Facebook: https://www.facebook.com/WSJOpinion #ReviewAndOutlook #WSJOpinion #WSJ Images: Shutterstock/Reuters Composite: Mark Kelly (06/17/22)