Federal Reserve Chairman Jerome Powell prepares to testify before Congress on June 23, 2022 in Washington. Powell said in a prepared testimony to a Senate panel that the Fed could raise the next key rate by half a percentage point. (AP Photo: Kevin Wolfe)
March 7, 2023
Federal Reserve Chairman Jerome Powell says he will not scale rate hikes if there is continued evidence of a strong economy and high inflation. It said it could expand and make borrowing costs higher than previously forecast.
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