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Fed's Powell defends gradual interest rate hikes

Friday, August 24, 2018 - 01:15

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs.

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Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs.

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Fed's Powell defends gradual interest rate hikes

Friday, August 24, 2018 - 01:15