Economics

Fed to Tighten With Big Hike, Asset Runoff: Decision-Day Guide

FOMC expected to deliver first half-point rate hike since 2000
Panel will reveal plans to cut its $8.9 trillion balance sheet

WATCH: “I think they’re going to have to raise interest rates to 4% or 5% to bring inflation down to 2.5% or 3%,” Harvard’s Ken Rogoff says.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Steve Matthews

May 4, 2022 at 4:01 AM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Federal Reserve Chair Jerome Powell is poised to unleash the U.S. central bank’s most aggressive action to battle inflation in decades, but investors will be focused on parsing his words to see if even bigger moves are ahead.