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Before House Panel, Powell Affirms Fed's Plan to Raise Interest Rates Gradually

Wall Street Journal Wednesday, 18 July 2018
Before House Panel, Powell Affirms Fed's Plan to Raise Interest Rates GraduallyDuring a second day of testimony on Capitol Hill, Federal Reserve Chairman Jerome Powell affirmed the central bank’s plans to gradually raise interest rates “for now.”
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According to Reuters, Federal Reserve Chairman Jerome Powell thinks the US economy is on a clear track with years of growth just ahead. During a congressional hearing with a group of senators, the Fed chair added that they expect the job market to remain strong, while keeping inflation near their...

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