Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises if Economic Strength Continues

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Powell Says Fed Is Prepared to Speed Up Interest-Rate Rises if Economic Strength Continues
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Breaking: Jerome Powell said the Federal Reserve could speed up rate increases and will likely lift rates more than previously expected to fight inflation in the strong economy

Fed chair’s appearance before the Senate Banking Committee offers opportunity to shape policy expectations ahead of March meeting

Federal Reserve Chair Jerome Powell said in early February that the central bank will raise interest rates a quarter-percentage-point. Powell said more increases will likely be needed to continue lowering inflation. Photo: Kevin Dietsch/Getty ImagesWASHINGTON—Federal Reserve Chair Jerome Powell said strong and

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