Powell says he expects March rate hike

Fed chair says FOMC is discussing agreement on shrinking balance sheet

Jerome Powell gives testimony
Jerome Powell gives testimony
Federal Reserve

Federal Reserve chair Jerome Powell told US legislators on March 2 that he and his colleagues “expect it will be appropriate” to raise rates this month.

In a response to a Republican representative’s question, Powell said he was “inclined to propose and support a 25 basis point rate hike”. Powell also signalled the Fed would begin selling assets from its $9 trillion balance sheet “after the process of raising interest rates has begun”.

If the Federal Open Market Committee does raise rates at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.