Stablecoin

Reserve

Jerome Powell

Chair

Raise

<div class="watcher-guru"> 
 <p>Federal Reserve Chair Jerome Powell has warned that more interest rate hikes are coming. Indeed, speaking on Friday, the Fed Chair said that interest rate hikes would be needed to continue to combat inflation that remains “too high.”&nbsp;</p> 
 <p>Although Powell acknowledged that progress has been made, he noted that inflation is still above a comfortable level. Moreover, Powell clearly stated that the Federal Reserve was “prepared to raise rates further” as the fight continued.&nbsp;</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">JUST IN: 🇺🇸 FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming.</p> 
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
     <div class="publift-ad add"> 
      <div data-fuse="22560828227"></div> 
     </div> 
    </div> — Watcher.Guru (@WatcherGuru) August 25, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p><strong>Also Read: Federal Reserve Expected to Raise Interest Rates Another 25 bps</strong></p> 
 <h2 class="wp-block-heading" id="h-fed-chair-calls-inflation-too-high-as-he-warns-of-continued-interest-rate-hikes">Fed Chair Calls Inflation “Too High” as He Warns of Continued Interest Rate Hikes </h2> 
 <p>The Federal Reserve has been vigilant in a long-standing battle with inflation rates. Although the Fed has enacted a pause on interest rate hikes for the first time in over a year, the central bank leader has warned that the process is likely to resume at some point in the near future.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>Specifically, Fed Chair Jerome Powell has said that interest rate hikes are coming as inflation rates remain too high. Moreover, despite making note of economic progress, he noted that inflation rates remain too high for comfort. Subsequently, he stated that the Federal Reserve will embrace malleability as it considers all options moving forward.</p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" width="810" height="476" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Federal Reserve" class="wp-image-33762 ewww_webp" sizes="(max-width: 810px) 100vw, 810px" data-src-img="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 810w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 810w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 300w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 768w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 380w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 550w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 800w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="810" height="476" src="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp" alt="Federal Reserve" class="wp-image-33762" srcset="https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 810w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 300w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 768w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 380w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 550w, https://cdn.thebittimes.com/images/2023/08/25/b8c3118111e74b405286f315b19cf08c.webp 800w" sizes="(max-width: 810px) 100vw, 810px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: Pixabay 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: Federal Reserve Issues Warning Over New PayPal Stablecoin </strong></p> 
 <p>“Although inflation has moved down from its peak—a welcome development—it remains too high,” Powell said, according to CNBC. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”&nbsp;</p> 
 <p>Additionally, last year, Powell made similar remarks. Then he noted that “some pain was expected as the Fed fought to bring inflation toward its 2% goal. Conversley noted that it is far too soon to end the talk of interest rate hikes. Despite the fact that the data presented this summer has been positive.&nbsp;</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p>“The lower monthly readings for core inflation in June and July were welcome, but two months of good data are only the beginning of what it will take to build confidence that inflation is going down,” Powell added. ” However, he also noted that the risks of doing too much are also present for the Fed. Noting that careful consideration must be emphasized.</p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>Federal reserve</li> 
 </ul> 
</div>

FED Chair Warns More Interest Rate Hikes Are Coming

Table of Contents

TheBitTimes

Other articles published on Aug 25, 2023

Bybit CEO Announces Seamless Fiat Integrations in Keynote Address

ICP, AXS May Experience Price Breakouts in the Next Few Weeks

Can I Earn Crypto Without Investing a Dime?

Blockchain Trends That Will Capture The Eye At The End Of 2023

PEPE Team Moves 16 Trillion Tokens to Exchanges, Triggers Price Plunge

ARK Invest and 21Shares Will Offer Ethereum Futures ETF

Join our free newsletter for daily crypto updates!