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Powell: Fed Likely Within 'A Couple of Rate Hikes' From Peak Interest Rate

Posted on AllSides June 22nd, 2023
From The Center

Federal Reserve Chairman Jerome Powell told Senate lawmakers that he doesn't believe the central bank is done with its interest-rate increases yet. But the Fed might not be far off from its end goal, he said in response to a question from Sen. Jon Tester of Montana. "We expect continued modest growth, we expect, you know, continued gradual cooling off of the labor market, gradual and better alignment of supply and demand, and we expect ... inflation to be improving," Powell said. "If all those things happen, we think we're...

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https://wsj.com/livecoverage/stock-market-today-dow-jones-06-22-2023/card/powell-fed-likely-within-a-couple-of-rate-hikes-from-peak-interest-rate-l5z0sCgWNpqdGLEGPBR1

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