-
Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until more progress is made on bringing down inflation. Speaking a week after Federal Open Market Committee officials decided for the first time in more than a year not to push rates higher, the central bank leader indicated that the move likely was just a brief respite rather than an indication that the Fed is done hiking. “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year,” Powell said in prepared remarks for testimony he ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 21, 2023 10:06am Jun 21, 2023 10:06am
- Wazirfx
- | Joined Jun 2023 | Status: Junior Member | 1 Comment
- Comment #2
- Quote
- Jun 21, 2023 10:35am Jun 21, 2023 10:35am
- Giucca
- | Joined Feb 2015 | Status: Member | 37 Comments
- Comment #3
- Quote
- Jun 21, 2023 10:44am Jun 21, 2023 10:44am
- Cap37
- | Joined Feb 2022 | Status: Member | 6 Comments