Beltway Confidential

Investors shocked that Jerome Powell does exactly what he says

By Tiana Lowe Doescher
Published March 7, 2023 9:43pm ET
Add Washington Examiner on Google
Investors shocked that Jerome Powell does exactly what he says
In this Dec. 1, 2020 file photo, Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. | (Al Drago/NYTimes/AP)

Since last month, I have repeatedly warned that the Federal Reserve was being pressed by circumstances to accelerate its rate hike campaign and pass a 50 basis point hike during the upcoming Federal Open Market Committee meeting. At Tuesday’s Senate Banking Committee hearing, Fed Chairman Jerome Powell seemed to agree with me.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Inflation Jerome Powell