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Watch Fed Chair Jerome Powell speak live on Capitol Hill about interest rates and the economy

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Federal Reserve Chairman Jerome Powell will tackle the Senate Banking, Housing and City Affairs Committee on Tuesday morning.

Powell’s remarks include the central financial institution weighing the way forward for financial coverage and its impression on the inflation combat. Officers have raised their benchmark rate of interest eight instances over the previous yr, taking the fed funds charge to a goal vary of 4.50%-4.75%.

Markets have been trying to Powell for readability on how a lot additional the Fed is more likely to push charges. Whereas inflation information began to float down in the direction of the tip of 2022, January indicated that costs rose briskly and will pose a menace forward.

Powell will comply with up his remarks Tuesday with an look Wednesday earlier than the Home Monetary Companies Committee.

Learn extra:
Fed’s Powell heads to Capitol Hill this week, and he will have his fingers full
A yr after the primary charge hike, the Fed nonetheless has an extended technique to go within the combat in opposition to inflation
Fed cannot tame inflation with out ‘considerably’ extra hikes, inflicting a recession, paper says

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