Federal Reserve Chairman Jerome Powell testified before the Senate on the 7th that he was prepared to accelerate the pace of interest rate hikes.
Until last November, the Fed continued to raise interest rates in an unusually large manner in order to keep record inflation under control. I decided.
"Inflation has eased over the past few months, but the latest economic data has been stronger than expected, and the final level of interest rates could end up being higher than previously expected," Powell told the Senate on Wednesday. It suggests that there is a sexuality," he said.
He added that the Fed is ready to accelerate the pace of rate hikes again, depending on future economic data.
He also said, "History strongly warns against premature monetary easing. We will continue the current policy until the task is completed." I reiterated my position.
The Fed will hold a meeting to decide monetary policy for two days from the 21st of this month.
There has been a series of data showing the persistence of inflation recently, and the content of the February employment report and the consumer price index, which will be released this week and next week, will be an important factor in determining the extent of the interest rate hike at this meeting.