Read this in The Manila Times digital edition.
THE United States is prepared to speed up interest rate hikes — and could raise them higher than anticipated — if needed to cool inflation and a strong jobs market, Federal Reserve (Fed) Chairman Jerome Powell said on Tuesday.
An "unseasonably warm" January across much of the country was likely behind the robust employment, consumer spending, manufacturing and inflation figures, which pointed to a partial reversal of earlier softening trends, Powell told the Senate Banking Committee.
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