Monetary Policy and the Economy
2023-03-07T09:59:22-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODU0XC8wMDNcLzE2NzgyMDI3NzBfMDAzLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Federal Reserve Chair Jerome Powell told lawmakers future interest rate hikes could be higher and last longer than previously expected. Chair Powell’s testimony before the Senate Banking Committee triggered an immediate downward reaction from the stock market. The Federal Reserve began increasing the rate in March 2022 to combat high inflation. Their next meeting, where they will likely increase it again, is March 21 and 22. Other topics discussed during this hearing included regulating the cryptocurrency market, housing access and diversity on the Federal Reserve Board of Governors.
Federal Reserve Chair Jerome Powell told lawmakers future interest rate hikes could be higher and last longer than previously expected. Chai… read more
Federal Reserve Chair Jerome Powell told lawmakers future interest rate hikes could be higher and last longer than previously expected. Chair Powell’s testimony before the Senate Banking Committee triggered an immediate downward reaction from the stock market. The Federal Reserve began increasing the rate in March 2022 to combat high inflation. Their next meeting, where they will likely increase it again, is March 21 and 22. Other topics discussed during this hearing included regulating the cryptocurrency market, housing access and diversity on the Federal Reserve Board of Governors. close
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