Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
Publishing timestamp: 2023-02-07 12:31:34
Summary
Federal Reserve Chairman Jerome Powell and Carlyle Group Chairman David Rubenstein are holding a question-and-answer session at the Economic Club in Washington, D.C. The Fed recently raised its benchmark interest rate to a target range of 4.5%-4.75%. Powell said he sees some signs that inflation is cooling in the economy, but the central bank needs to keep up its guard. Markets expect the Fed to raise rates again in March and May before pausing to assess the impact of higher rates on inflation and the economy.
Sentiment: NEUTRAL
Tickers: CG,
Keywords: inflation, interest rates, livestream, breaking news: economy, economy, carlyle group inc, david rubenstein, jerome powell, federal reserve bank, business news, markets, breaking news, central banking,