Tag: stranglehold

Fed gets an earful about ‘stranglehold’ from high rates

By Ann Saphir (Reuters) -Federal Reserve Chair Jerome Powell and fellow Fed governors on Friday heard firsthand from business and community leaders how the Fed’s interest rate hikes, along with ongoing price and labor market pressures, are affecting Americans. Higher interest rates together with instability in commodity prices “has a stranglehold on the American agriculturalist […]

Fed gets an earful about ‘stranglehold’ from high rates

By Ann Saphir (Reuters) -Federal Reserve Chair Jerome Powell and fellow Fed governors on Friday heard firsthand from business and community leaders how the Fed’s interest rate hikes, along with ongoing price and labor market pressures, are affecting Americans. Higher interest rates together with instability in commodity prices “has a stranglehold on the American agriculturalist […]