Breaking: Jerome Powell said the Federal Reserve could speed up rate increases and will likely lift rates more than previously expected to fight inflation in the strong economy
Fed chair’s appearance before the Senate Banking Committee offers opportunity to shape policy expectations ahead of March meeting
Federal Reserve Chair Jerome Powell said in early February that the central bank will raise interest rates a quarter-percentage-point. Powell said more increases will likely be needed to continue lowering inflation. Photo: Kevin Dietsch/Getty ImagesWASHINGTON—Federal Reserve Chair Jerome Powell said strong and
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