Tuesday, March 04, 2025 | 09:50 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

What to make of US Fed chairman Jerome Powell's hawkish testimony

Powell said that his expectations for domestic economic growth have increased since the beginning of the year

Jerome Powell
Premium

Federal Reserve Chairman Jerome Powell arrives to take the oath of office at the Federal Reserve in Washington

V K Sharma New Delhi
Jerome H Powell, the newly minted Chairman of the US Federal Reserve (US Fed) came out as a clear hawk in his first testimony before the Congress on Tuesday.
 
Powell said that his expectations for domestic economic growth have increased since the beginning of the year, citing the passage of the $1.5 trillion tax cut, lifting of the debt ceiling and stronger global growth.
 
Our take on his testimony:
 
1.   Clearly hawkish
 
His talons became visible when he answered a Democrat’s question as to what would cause the US Fed to hike more than three times

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in