23/06/2022
The dollar has slipped from that peak as markets have become increasingly concerned that the Fed's attempt to curb historically high inflation with aggressive monetary tightening will result in a recession.
Fed Chair Jerome Powell added to these concerns on the first day of his two-day testimony to Congress, stating that while it wasn’t what the central bank policy makers were aiming for, a recession was "certainly a possibility" as they attempted to bring prices under control.
