Fed sees additional rate hikes this year as ‘likely’: Powell

US public debt is 'unsustainable': Fed chief
Source: Video Screenshot

US Federal Reserve chair Jerome Powell said Wednesday that additional interest rate hikes will likely be needed in 2023 despite the Fed decision to pause increases for now.

“Looking ahead, nearly all committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down to two percent over time,” Powell said at a press conference after the rate decision was announced.


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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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