SAN FRANCISCO: Federal Reserve Chairman Jerome Powell on Wednesday (Thursday in Manila) gave a clear signal the central bank is ready to raise US interest rates in March for the first time since cutting them to zero when Covid-19 broke out.

That would end the era of easy money that fueled Wall Street's record-setting run during the pandemic.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details