Fed’s Powell tells senators rate hikes could go higher, come faster ...Middle East

Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday. “Although inflation has been moderating in recent months, the process of getting inflation back down to 2 percent has a long way to […] The post Fed’s Powell tells senators rate hikes could go higher, come faster appeared first on Roll Call.

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