Federal Reserve Chairman Jerome Powell says the battle to contain inflation without triggering a recession will be “very challenging”.
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The Federal Reserve raised interest rates by 50bp this week, the biggest hike in 20 years, and signaled it will make similar moves in June and July. In this podcast, ING's International Economist James Knightley tells Senior Editor Rebecca Byrne that while aggressive tightening raises the risk of an economic downturn, a recession might just be averted.
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