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Powell: Ultimate level of interest rates likely to be higher than previously anticipated

Powell: Ultimate level of interest rates likely to be higher than previously anticipated

Highlights of prepared testimony from Federal Reserve chairman Jerome Powell for the Senate finance committee. He will answer questions afterwards.

  • If totality of incoming data indicates faster tightening is warranted, we are prepared to increase pace of hikes
  • We will continue to make our decisions meeting by meeting
  • Latest economic data stronger than expected, particularly inflationary pressures
  • Some strength in overall January data reflects better weather<... Read More
Posted: Mar 7 2023, 15:00
Author Name: forexlive
Views: 082151

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