A key official at the Federal Reserve said Tuesday there could be two interest-rate hikes this year as he said the stock market isn’t showing signs of being in a bubble. If the economy unfolds as expected, condition for two rate hikes this year could be in place as soon as September, said Federal Reserve Governor Jerome Powell. The U.S. central bank has set two conditions for a rate hike — continued improvement in the labor market and confidence that inflation is moving toward the central bank’s 2% annual target. “I would see that test potentially being satisfied as soon as September,” Powell said in a conversation ... (full story)