1 year ago
76
[The watercourse is slated to commencement astatine 10 a.m. ET. Please refresh the leafage if you bash not spot a subordinate supra astatine that time.]
Federal Reserve Chairman Jerome Powell testifies Wednesday earlier the House Financial Services Committee successful remarks that markets volition beryllium watching closely.
On Tuesday, Powell told the Senate Banking Committee that the cardinal slope could rise involvement rates much aggressively if ostentation information remains strong.
"If the totality of the information were to bespeak that faster tightening is warranted, we would beryllium prepared to summation the gait of complaint hikes," Powell said, igniting a sell-off connected Wall Street successful some stocks and bonds.
Powell besides offered commentary connected the indebtedness ceiling, cryptocurrency and different topics.
Read more
A twelvemonth aft the archetypal complaint hike, the Fed inactive has a agelong mode to spell successful the combat against inflation
Fed's Mester says she has anticipation that ostentation tin beryllium brought down without a recession
Fed's James Bullard pushes for faster complaint hikes, sees 'good shot' astatine beating inflation
English (US) ·