Powell Says Fed Will Consider More-Aggressive Interest-Rate Increases to Reduce Inflation

Summary by Ground News

Powell’s message was more hawkish than his comments were after last week. “Hawks” typically support higher rates to stave off inflation, while “doves’ generally prefer lower rates. The Fed hasn’t raised its benchmark rate by a half-point since May 2000.

Published 10 months ago · Washington, United States

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Times of India

Fed prepared to raise interest rates 'aggressively:' Powell

"If we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so," he said in a speech to an economics conference.

10 months ago·Mumbai, India

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Reuters

Fed must move 'expeditiously' and, if needed, more aggressively, Powell says

By Ann Saphir - The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so. "The labor market is very strong, and inflation is much too high," Powell said in remarks prepared for delivery to a National Association of Business

10 months ago·United Kingdom

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The Independent

Powell says Fed will hike further and faster if necessary

Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation

10 months ago·London, United Kingdom

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USA Today

Powell says Fed is prepared to hike interest rates more aggressively to fight inflation

Powell says Federal Reserve is prepared to raise interest rate more sharply to fight inflation. That could include a half point hike at some meetings.

10 months ago·United States

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Associated Press News

Powell says Fed will hike further and faster if necessary

WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation.

10 months ago·United States

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abc News

Powell says Fed will hike further and faster if necessary

Chair Jerome Powell said the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides this would be necessary to slow rampaging inflation

10 months ago·United States

Read Full Article