Federal Reserve Board

Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.

BY: - March 9, 2023

Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments. That’s been a familiar pattern over the past year as the federal bank has tried to combat inflation.  A […]