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U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.
Kevin Lamarque | Reuters
Call it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy.
Prior to this year, the Fed hadn’t boosted benchmark borrowing rates by more than a quarter-point at a time in 22 years. In 2022, they’ve done it four times — three-quarters of a point each — with Wednesday’s widely anticipated 0.5 percentage point move to be the fifth.
A pitched battle against inflation has turned policy…
Source cnbc.com
