Asked what would stop him from raising the interest rate by 50 basis points, Federal Reserve chair Jerome Powell said, “nothing” on March 22.

Powell admitted he does not have a simple or clear test to determine when a larger rate hike would be appropriate. He was clear, though, that he may reach the conclusion that the Federal Open Market Committee needs to move faster than its current path. “My main message today is as the outlook evolves, we will adjust policy as needed,” he emphasised at the