Federal Reserve Chair Jerome Powell said he's prepared to consider larger rate hikes than the 50bp rate increases the FOMC has signaled are in store for now, after saying at his press conference last week the central bank was not "actively considering" a 75bp move. "I would just say, we have a series of expectations about the economy," he told Marketplace. "If things come in better than we expect, then we’re prepared to do less. If they come in worse than when we expect, then we’re prepared to do more. Asked if this meant 75bps, he added: "What you’ve seen is, you’ve seen this committee adapt to the incoming data and the evolving outlook. And that’s what we’ll continue to do" - on MNI Policy MainWire now, for more details please contact email@example.com.
Real-time Actionable Insight
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.
Our credibilityfor delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
We are facing technical issues, please contact our team.
Your request was sent sucessfully! Our team will contact you soon.