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Powell Says FOMC of Mind to Raise Rates in March

FED

Q: For subsequent rate hikes to March, how should we think about the criteria for the next steps?

  • A: We haven't gotten to that point yet, haven't made a decision and we'll make that decision at the March meeting, we'll make a decision whether to raise the Federal funds rate. "I would say the committee is of a mind to raise the federal funds rate at the March meeting assuming that conditions are appropriate for doing so."
  • But, we have our eyes on risks, "particularly around the world", "expect some softening in the economy...temporary".
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