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Everyone knows how to fight inflation without causing a recession, except Powell

US senators distance themselves from the Fed and its president, whom they accuse of leading the country into a recession and of not being able to contain the prices that are doing so much damage to the pockets of their voters.

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Everyone knows how to fight inflation without causing a recession, except Powell

US senators distance themselves from the Fed and its president, whom they accuse of leading the country into a recession and of not being able to contain the prices that are doing so much damage to the pockets of their voters.

Moments before the Federal Reserve last week raised interest rates by three-quarters of a point, the biggest jump since 1994, economists were sharply divided, including those who were sure that the endur had to be accelerated.

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