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Fed may need to raise interest rates faster, says Jerome Powell

The Federal Reserve (Fed) may need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told US lawmakers on Tuesday. “The latest economic data

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Fed likely needs to raise rates higher and possibly faster, Powell tells lawmakers

Fed likely needs to raise rates higher and possibly faster, Powell tells lawmakers
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Jerome powellPaul simaoDan burnsHoward schneiderNick zieminskiSenate banking committeeSenate democratsMembers of the senate banking committeeHouse of representatives financial services committee onFederal reserveFed chair jerome powellSenate bankingRepresentatives financial services committeeConsumer price indexPersonal consumption expenditures

Fed likely to raise rates higher and possibly faster, Powell tells lawmakers

The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told U.S. lawmakers on Tuesday.

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Lawmakers grapple with sheer size of FTX s missing billions

After Sam Bankman-Fried was charged with multiple financial crimes, the Senate Banking Committee considered proposals for tighter industry regulation.

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POLITICO Playbook: Scoop: Why GOP moderates are blocking for McCarthy

POLITICO Playbook: Scoop: Why GOP moderates are blocking for McCarthy
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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