[Powell Says Pandemic Could Alter Inflation Dynamics]( https://archive.ph/por7b)

> Since March, the Fed has raised its benchmark federal-funds rate three times from near zero to a range between 1.5% and 1.75%, including a 0.75-percentage-point rise this month, the largest in 28 years. Mr. Powell and many of his colleagues have signaled that another increase of that magnitude is likely to be warranted at the Fed’s next meeting, July 26-27.

Paywall but maybe some can view it: [Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation
Federal Reserve is raising interest rates at aggressive pace as price pressures hit 40-year high]( https://www.wsj.com/articles/powell-says-pandemic-could-alter-inflation-dynamics-11656509259?st=ljy09xzbkdqtw86&reflink=desktopwebshare_permalink)

> Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of raising interest rates too high and pushing the economy into a recession.

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