Fed Chair Jerome Powell returns to Congress for a second day of hearings Wednesday after telling lawmakers that the central bank would consider a larger half-point rate increase at its next meeting
Stronger economic data could lead central bank officials to consider a larger half-point increase, Powell said
Federal Reserve Chair Jerome Powell on Tuesday told the Senate Banking Committee that getting inflation back to the central bank’s 2% target has “a long way to go and is likely to be bumpy.” Photo: Al Drago/BloombergWASHINGTON—Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony after he told lawmakers Tuesday that the central bankMr.
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