Powell Says Further Rate Hikes Are Needed

"We think we are going to need to do further rate increases. The labor market is extraordinarily strong," Powell said Tuesday.

By Craig Torres | February 07, 2023 at 01:59 PM

Photo: Jerome Powell, chairman of the U.S. Federal Reserve.

Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation, and that borrowing costs may need to peak higher than previously expected if the strong jobs market persists.

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Powell Says Further Rate Hikes Are Needed

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1 Understanding the Cost of Hedging

2 Banks Turn to Biometrics

3 7 Steps to Create a Risk-Aware Culture

4 Accelerate Pay by Synovus Bank: Easier payments, with the flip of a switch

5 JPMorgan Chase Sued over Data Breach That Exposed 450K Retirement Plan Participants

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