WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell has pledged to do whatever it takes to rein in inflation, which is now raging to its highest level in four decades and defying efforts to the Fed so far to tame it.
Increasingly, it seems, this could necessitate the one painful thing the Fed has sought to avoid: a recession.
- Eric Foster asks five questions about business, debt and bankruptcy
- Berkshire Agricultural Ventures provides more than $ 1 million to support local farms and food production WWLP
- Here’s What Rhode Islanders Think About COVID-19 Vaccination Mandates
- A state treasurer has convinced the big banks to commit billions of dollars to tackle racial inequalities. Here is the result.