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MNI BRIEF: Powell Ready To Hike Further If Appropriate

(MNI) WASHINGTON

Federal Reserve Chair Jerome Powell said Wednesday policymakers stand ready to raise interest rates further if they believe such action is needed to bring inflation back to its 2% target.

"We are prepared to raise rates further if appropriate, and we intend to hold policy at a restrictive level until we are confident that inflation is moving down sustainably toward our objective," Powell said. (See MNI INTERVIEW: Resilience Calls For More Fed Tightening-Tracy)

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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