The Fed Speaks: Powell Promises Prolonged Period of Pricey Money

The Federal Reserve has spoken - interest rates are going to stay higher for longer… 📈 Fed Chair Jerome Powell ruffled some feathers this week, pledging to keep restricting the money supply until inflation comes down from its 40-year highs. 🤕

On this episode, we'll break down Powell's latest remarks and what they mean for you. 🫵 Should you lock in mortgage rates now before they climb higher? How will corporations and small businesses be impacted? And when can we expect the sting of high rates to ease? 👂

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