Fed's Powell: Up to 2 rate hikes possible this year# Stock
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Federal Reserve Governor Jerome Powell on Tuesday said he sees conditions
for an interest rate liftoff as soon as September, and an additional
increase in December.
He added that he believes the dollar and oil prices have broadly stabilized.
He estimated the economy will grow at around a 2 percent pace this year.
Powell said he's seen positive signs in the economy, including a pickup in
wages and an uptick in the labor participation rate.
Powell is a voting member on the policy-setting committee.
for an interest rate liftoff as soon as September, and an additional
increase in December.
He added that he believes the dollar and oil prices have broadly stabilized.
He estimated the economy will grow at around a 2 percent pace this year.
Powell said he's seen positive signs in the economy, including a pickup in
wages and an uptick in the labor participation rate.
Powell is a voting member on the policy-setting committee.