“Incoming data since our last meeting indicate that the discount rate ceiling may be higher than originally expected,” RIA Novosti quoted Powell as saying at a conference following a meeting of the Federal Open Market Committee.
He noted that further decisions by the Fed on the rate will depend on the totality of data and expectations of activity and inflation in the US.
Earlier, the US Federal Reserve raised the base rate by 75 basis points - to the level of 3.75-4%.