[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
Federal Reserve Chairman Jerome Powell testifies Wednesday earlier than the Home Monetary Companies Committee in remarks that markets shall be watching intently.
associated investing information
On Tuesday, Powell told the Senate Banking Committee that the central financial institution might increase rates of interest extra aggressively if inflation information stays sturdy.
“If the totality of the info had been to point that quicker tightening is warranted, we’d be ready to extend the tempo of fee hikes,” Powell mentioned, igniting a sell-off on Wall Avenue in each shares and bonds.
Powell additionally provided commentary on the debt ceiling, cryptocurrency and different subjects.
Learn extra
A year after the first rate hike, the Fed still has a long way to go in the fight against inflation
Fed’s Mester says she has hope that inflation can be brought down without a recession
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation
