Economic Buzz: Fed Will Raise Rates More Aggressively If Inflation Remains Too High Says Powell

22 Mar 2022 , 08:47 AM

The US Federal Reserve Chair Jerome Powell noted in a speech that the central bank might raise interest rates more aggressively if inflation remains too high. We will take the necessary steps to ensure a return to price stability, Powell said in remarks to the National Association for Business Economics. In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so, he stated.

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