Today news
About the same in other media
28.03 - 13:29
27.03 - 12:33
26.03 - 09:39
25.03 - 19:37
24.03 - 12:55
Fed Chair Jerome Powell Returns to Congress for Second Day of Hearings
Reading now: 867
WASHINGTON—Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony after he told lawmakers Tuesday that the central bank would consider raising interest rates by a larger half-percentage-point later this month.
Mr. Powell also told a Senate committee on Tuesday that Fed officials were likely to lift rates higher this year than previously expected to bring inflation under control. In December, most of them thought they would raise their benchmark federal-funds rate this year to between 5% and 5.5% and hold it there into 2024.
Read more on wsj.comAbout this in other media
Bitcoin erases Fed losses as traders eye $40K BTC price target cointelegraph.com /1 year ago
Pro Take: The Fed Hits Inflation With Ninth Rate Hike as Banks Reel wsj.com /1 year ago
'How did this happen' — Powell says Fed stumped over the collapse of SVB cointelegraph.com /1 year ago
Show more
The website finance-news.co 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.
