Today news
About the same in other media
22.03 - 21:29
Jerome Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises
Reading now: 665
WASHINGTON—Chair Jerome Powell said the Federal Reserve would consider raising interest rates by a larger half percentage point this month and was likely to lift rates higher than previously expected this year to cool an economy that has shown surprising strength.
Mr. Powell’s comments to lawmakers Tuesday laid the groundwork for a notable shift in tactics to reduce price pressures. He said hotter inflation and hiring could lead central bank officials to alter their recently adopted strategy of raising rates in smaller quarter-point increments.
Read more on wsj.comAbout this in other media
What to Watch From the Fed Meeting wsj.com /1 year ago
Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse theguardian.com /1 year ago
Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures cointelegraph.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
