You can sign up right hereNew York (CNN Business) The mission of the Federal Reserve is to foster the stability of US monetary systems. With inflation rates in the US now at 40-year highs , that's what the Fed is doing. There is still a path to lower inflation rates to 2%, he said, but that path is becoming increasingly overrun by these external forces. In 2020, Bridgewater bet $14 billion against stocks there and in 2018 they built a $22 billion short position against the region. Wednesday: Federal Reserve Chair Jerome Powell is to testify on the economic outlook in Washington DC.

Source: CNN June 20, 2022 02:44 UTC