Jerome Powell Says the Fed is Prepared To Raise Rates To Tame Inflation
Jerome H. Powell, the Federal Reserve chair, told lawmakers on Tuesday that a rapidly healing economy no longer needed as much help from the central bank and that keeping inflation in check – including by raising interest rates – would be critical for enabling a stable expansion that benefits workers. From a report: Mr. Powell, … ⌘ Read more

inflation benefits the debtor at the expense of the creditor. The real danger is deflation.