HomeNewsWorldFed's Jerome Powell sets the table for higher and possibly faster rate hikes

Fed's Jerome Powell sets the table for higher and possibly faster rate hikes

"The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," the U.S. central bank chief said in his semi-annual testimony before the Senate Banking Committee.

Jerome Powell, chairman of the US Federal Reserve

Reuters

first published: Mar 8, 2023 06:23 am

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Fed's Jerome Powell sets the table for higher and possibly faster rate hikes

"The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," the U.S. central bank chief said in his semi-annual testimony before the Senate Banking Committee.

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