Economy's Solid Growth Could Require More Fed Hikes to Fight Inflation, Powell Says
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Federal Reserve Chairman Jerome Powell takes a break outside of Jackson Lake Lodge during the Jackson Hole Economic Symposium near Moran in Grand Teton National Park, Wyo., Friday, Aug. 25, 2023. (AP Photo/Amber Baesler)
Sat, 26 Aug 2023 - 6:58 AM
Sat, 26 Aug 2023 - 7:02 AM
~ 5 min read