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Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase
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WASHINGTON—Federal Reserve Chair Jerome Powell said Wednesday officials were keeping their options open over how much to raise interest rates this month after investors interpreted his comments Tuesday to suggest a half-percentage-point increase was likely.
His comments over two days of congressional hearings show how the central bank is contemplating a shift in tactics to keep up with an economy showing surprising strength after a year of rate increases.
Read more on wsj.comAbout this in other media
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
Federal Reserve Faces Tough Decision on Rate Increase wsj.com /1 year ago
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