Economics
How Fed Could Decide to ‘Shock and Awe’ With Half-Point Hike
- Most economists see March liftoff with quarter-point boost
- Rising inflation after this spring could require a Fed jolt
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Federal Reserve Chair Jerome Powell may consider the first half-point interest-rate increase in more than two decades later this year if he needs a “shock and awe” approach to counter persistently high inflation that risks feeding into Americans’ psychology.