Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming


Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook.

Powell said he sees a series of quarter-percentage-point increases coming, though he left open the possibility of moving more aggressively should inflation persist.

In remarks prepared for dual appearances this week before House and Senate committees in Congress, the central bank chief acknowledged the “tremendous hardship” the Russian invasion of Ukraine is causing.

“The implications for the U.S. economy are highly uncertain, and we will be monitoring the situation closely,” Powell said.

“The near-term effects on the U.S….


0 0 votes
Article Rating

GoodRx shares plunge 39% after revenue miss, weak forecast

Previous article

VW and Goldman Sachs-backed Northvolt plans German gigafactory

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy