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MNI BRIEF: Fed's Powell Says 'Prepared To Do More' If Needed

Federal Reserve Chair Jerome Powell said Wednesday the Fed will make decisions on whether to raise interest rates further on a meeting by meeting basis, but is ready to hike further if needed.

"We are prepared to do more if greater monetary restraint is warranted," Powell said. "We'll be driven by incoming data. We'll approach that question (of whether to pause) at the June meeting."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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