Watch Fed Chair Jerome Powell speak live in second day of Capitol Hill testimony

Date:

[ad_1]

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financial Services Committee in remarks that markets will be watching closely.

On Tuesday, Powell told the Senate Banking Committee that the central bank could raise interest rates more aggressively if inflation data remains strong.

“If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes,” Powell said, igniting a sell-off on Wall Street in both stocks and bonds.

Powell also offered commentary on the debt ceiling, cryptocurrency and other topics.

Read more
A year after the first rate hike, the Fed still has a long way to go in the fight against inflation
Fed’s Mester says she has hope that inflation can be brought down without a recession
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation

[ad_2]

Source link

See also  Salesforce Shakes Off Proxy Fight From Elliott

Popular Posts

More like this
Related

Exploring the Coomer Party Experience with Building Bonds and Friendships

In the digital landscape of social interaction, Coomer Party...

Exploring the Life and Career of Bart Springtime

Bart Springtime is a name that resonates in the...

Explore Twitter Impressions UseViral for Reach and Engagement

Twitter Impressions UseViral - In the bustling Twitterverse, where...

How to Stage Your Home and Attract More Buyers

Selling a home is not just about finding the...