(Bloomberg) -- The US bond market was hit by a fresh round of selling pressure after Federal Reserve Chair Jerome Powell said the central bank remains prepared to push interest rates higher and keep them elevated if needed to keep reining in inflation. Most Read from BloombergPowell Signals Fed Will Raise Rates If Needed, Keep Them HighNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTesla Investors to Get $12,000 Each From Musk’s SEC DealTrump Returns to Musk’s X With Post o