Business

Watch Fed Chairman Jerome Powell speak live on Capitol Hill on interest rates and the economy


[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Jerome Powell will speak before the Senate Banking, Housing and Urban Affairs Committee on Tuesday morning.

Powell’s comments come as the central bank weighs the future of monetary policy and its impact on the inflation war. Officials have raised the prime rate eight times in the past year, bringing the federal funds rate to a target range of 4.50%-4.75%.

Markets are counting on Powell for clarity on how much further the Fed is likely to push rates. While inflation data began to taper off towards the end of 2022, January showed prices rising rapidly and could pose a threat in the future.

Powell will continue his remarks Tuesday with an appearance on Wednesday before the House Financial Services Committee.

Read more:
Fed’s Powell is coming to Capitol Hill this week, and he’ll have it all
A year after its first rate hike, the Fed still has a long way to go in its fight against inflation
Fed can’t tame inflation without ‘significant’ increase, triggering recession, newspaper says

Subscribe to CNBC on YouTube.

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button