HomeNewsWatch Fed Chair Jerome Powell converse reside in second day of Capitol...

Watch Fed Chair Jerome Powell converse reside in second day of Capitol Hill testimony

Published on

spot_img


[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 earlier than the Home Monetary Companies Committee in remarks that markets will probably be watching carefully.

associated investing information

CNBC Pro
El-Erian says the Fed is dragging the U.S. into an pointless recession
Morgan Stanley economists say Powell opened the door to a return of half-point rate hikes

CNBC Pro
Morgan Stanley economists say Powell opened the door to a return of half-point charge hikes

On Tuesday, Powell informed the Senate Banking Committee that the central financial institution might increase rates of interest extra aggressively if inflation information stays robust.

“If the totality of the information have been to point that quicker tightening is warranted, we’d be ready to extend the tempo of charge hikes,” Powell stated, igniting a sell-off on Wall Avenue in each shares and bonds.

Powell additionally supplied commentary on the debt ceiling, cryptocurrency and different matters.

Learn extra
A yr after the primary charge hike, the Fed nonetheless has a protracted technique to go within the combat in opposition to inflation
Fed’s Mester says she has hope that inflation might be introduced down with out a recession
Fed’s James Bullard pushes for quicker charge hikes, sees ‘good shot’ at beating inflation

Latest articles

UPenn President Liz Magill, board chair each resign following backlash over congressional antisemitism testimony

College of Pennsylvania President Liz Magill testifies earlier than a Home Training and...

Tech specialists say AI will not substitute people any time quickly

In only one 12 months, synthetic intelligence has gone from being the stuff...

Automakers flip to hybrids in the midst of the EV transition

2023 Prius Prime on show, April 6, 2023.Scott Mlyn | CNBCDETROIT — As...

EU agrees to landmark guidelines governing AI after ChatGPT takes off

A photograph taken on November 23, 2023 exhibits the emblem of the ChatGPT...

More like this

UPenn President Liz Magill, board chair each resign following backlash over congressional antisemitism testimony

College of Pennsylvania President Liz Magill testifies earlier than a Home Training and...

Tech specialists say AI will not substitute people any time quickly

In only one 12 months, synthetic intelligence has gone from being the stuff...

Automakers flip to hybrids in the midst of the EV transition

2023 Prius Prime on show, April 6, 2023.Scott Mlyn | CNBCDETROIT — As...