Watch Fed Chair Jerome Powell speak live on Capitol Hill about interest rates and the economy

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Federal Reserve Chairman Jerome Powell volition code the Senate Banking, Housing and Urban Affairs Committee connected Tuesday morning.

Powell's remarks travel with the cardinal slope weighing the aboriginal of monetary argumentation and its interaction connected the ostentation fight. Officials person raised their benchmark involvement complaint 8 times implicit the past year, taking the fed funds complaint to a people scope of 4.50%-4.75%.

Markets were looking to Powell for clarity connected however overmuch further the Fed is apt to propulsion rates. While ostentation information started to drift down towards the extremity of 2022, January indicated that prices roseate briskly and could airs a menace ahead.

Powell volition travel up his remarks Tuesday with an quality Wednesday earlier the House Financial Services Committee.

Read more:
Fed's Powell heads to Capitol Hill this week, and he's going to person his hands full
A twelvemonth aft the archetypal complaint hike, the Fed inactive has a agelong mode to spell successful the combat against inflation
Fed can't tame ostentation without 'significantly' much hikes, causing a recession, insubstantial says

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