Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Fed's Powell says blowout jobs report shows inflation fight has a ways to go By: FOX Business February 07, 2023 at 13:06 PM EST Additional interest rate hikes are on the table in coming months as U.S. inflation is still too high, according to Federal Reserve Chairman Jerome Powell. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have more work to do in combating abnormally high inflation, pointing to the astonishingly strong January jobs report as evidence the economy is still running too hot. "This process is likely to take quite a bit of time. It’s not going to be, we don’t think, smooth. It’s probably going to be bumpy," Powell said during a question-and-answer event at the Economic Club in Washington, D.C. His comments come less than one week after the Fed voted to raise its benchmark interest rate another quarter percentage point to a range of 4.5% to 4.75%. This is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Fed's Powell says blowout jobs report shows inflation fight has a ways to go By: FOX Business February 07, 2023 at 13:06 PM EST Additional interest rate hikes are on the table in coming months as U.S. inflation is still too high, according to Federal Reserve Chairman Jerome Powell. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have more work to do in combating abnormally high inflation, pointing to the astonishingly strong January jobs report as evidence the economy is still running too hot. "This process is likely to take quite a bit of time. It’s not going to be, we don’t think, smooth. It’s probably going to be bumpy," Powell said during a question-and-answer event at the Economic Club in Washington, D.C. His comments come less than one week after the Fed voted to raise its benchmark interest rate another quarter percentage point to a range of 4.5% to 4.75%. This is a developing story. Please check back for updates.