That’s how Chair Jerome Powell characterized price stability today, but the Federal Reserve may have more work ahead in its quest to subdue inflation. Plus, the history behind the Fed’s 12 regional banks.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on September 21, 2022 in Washington, DC.
“Marketplace” host Kai Ryssdal provides context to announcement of the Fed’s latest rate hike and unpacks the remarks at Jerome Powell’s press conference.