Powell signals more hikes ahead if US economy stays strong

By: Martin Crustsinger Associated Press August 24, 2018

Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem likely to accelerate above that point. That suggests that he doesn't foresee ...

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Powell signals more hikes ahead if US economy stays strong

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