[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
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