Economics
Powell Opens Door to Faster Rate-Hike Path to Curb Inflation
- Fed chair open to more rate increases than forecast if needed
- Fed will shrink its balance sheet after rate increases begin
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Jerome Powell made clear the Federal Reserve would act as needed to cool the hottest inflation in almost 40 years, endorsing interest-rate liftoff in March and opening the door to more frequent and potentially larger hikes than anticipated.