US Federal Reserve Chairman Jerome Powell said Wednesday that officials have not yet decided how much they will raise interest rates at their next monetary policy meeting.
“We haven’t made any decision about the March meeting and won’t make it until we see additional data,” which will be made public before the March 21-22 meeting of the Federal Open Market Committee, he told the House committee as part of the economic and monetary testimony. – credit policy.
“We are not on a predetermined path,” Powell continued, and the upcoming data will help determine whether a 25 basis point or 50 basis point increase is required at the next meeting of officials.
Powell’s comments yesterday and today suggested that the Federal Reserve may need to raise interest rates and keep them higher in light of strong economic data and continued high inflation.
