The Federal Reserve’s credibility is solid, and those criticising the central bank for not acting sooner on rates should consider those controlling the fiscal levers too.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Washington | Under fire for not acting soon enough on growing price pressures, the US Federal Reserve took steps on Wednesday (Thursday AEST) to restore its credibility, with the biggest rate rise in 22 years.
US markets appeared to agree, with shares soaring and bond yields steady.
Fetching latest articles
Original URL: https://www.afr.com/world/north-america/under-fire-fed-boosts-credibility-with-half-point-rate-rise-20220505-p5aimx
