{"id":1356139,"date":"2022-03-03T08:05:36","date_gmt":"2022-03-03T13:05:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1356139"},"modified":"2022-03-03T08:08:05","modified_gmt":"2022-03-03T13:08:05","slug":"fed-chairman-powell-set-to-propose-0-25-rate-increase-at-march-meeting","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-chairman-powell-set-to-propose-0-25-rate-increase-at-march-meeting\/","title":{"rendered":"Fed Chairman Powell Set to Propose 0.25% Rate Increase at March Meeting"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-chairman-powell-set-to-propose-0-25-rate-increase-at-march-meeting%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1356139&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>ETF Trends CEO Tom Lydon and Baird Investment strategy analyst Ross Mayfield discuss the impact of the Ukraine crisis on US stocks on &#8216;The Claman Countdown.&#8217;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Federal Reserve Chairman <a href=\"https:\/\/www.foxbusiness.com\/CATEGORY\/JEROME-POWELL\" target=\"_blank\" rel=\"noopener\">Jerome Powell<\/a> told Congress on Wednesday that he plans on proposing a 25 basis point interest rate hike at the central bank&#8217;s upcoming March meeting, as the U.S. economy battles soaring inflation not seen in four decades.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/931\/523\/powell.jpg?ve=1&#038;tl=1\" alt=\"Fed Jerome Powell\" \/><\/div>\n<div class=\"caption\">\n<p><span>Federal Reserve Board Chair Jerome Powell testifies about &#8216;monetary policy and the state of the economy&#8217; before the House Financial Services Committee on March 02, 2022 in Washington, DC. (Photo by Win McNamee\/Getty Images)<\/span><span> (Photo by Win McNamee\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;With <a href=\"https:\/\/www.foxbusiness.com\/category\/inflation\" target=\"_blank\" rel=\"noopener\">inflation<\/a> well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month,&#8221; Powell testified before the House Financial Services Committee, saying that he is &#8220;inclined to propose and support a 25 basis point rate hike&#8221; at the Fed&#8217;s March 15-16 gathering.\u00a0<\/p>\n<p>Powell added that the central bank is &#8220;prepared to move more aggressively by raising the federal funds rate by more than 25 basis points&#8221; at future meetings.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/inflation-risks-to-us-economy-prompt-gdp-downgrade-nabe\" target=\"_blank\" rel=\"noopener\"><strong>INFLATION, MONETARY POLICY MISSTEPS POSE RISK TO US ECONOMY: NABE<\/strong><\/a><\/p>\n<p>The Fed chair also said he expects to &#8220;make good progress toward an agreement on a plan to shrink the balance sheet,&#8221; but that it would not be finalized this month.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/01\/931\/523\/powell.jpg?ve=1&#038;tl=1\" alt=\"Jerome Powell Federal Reserve\" \/><\/div>\n<div class=\"caption\">\n<p><span>Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Jan. 11, 2022.<\/span><span> (Photographer: Brendan Smialowski\/AFP\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/the-fed\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> officials have signaled for months that interest rate increases were coming, and Powell said Tuesday that before Russia invaded Ukraine he would have expected a series of increases in the near future but that the war could now have an impact on the central bank&#8217;s actions.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/inflation-nation-states-paying-highest-prices\" target=\"_blank\" rel=\"noopener\"><strong>INFLATION NATION: THESE STATES ARE PAYING THE HIGHEST PRICES<\/strong><\/a><\/p>\n<p>&#8220;The near-term effects on the <a href=\"https:\/\/www.foxbusiness.com\/category\/us-economy\" target=\"_blank\" rel=\"noopener\">U.S. economy<\/a> of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain highly uncertain,&#8221; Powell said in his prepared remarks. &#8220;Making appropriate monetary policy in this environment requires a recognition that the economy evolves in unexpected ways. We will need to be nimble in responding to incoming data and the evolving outlook.&#8221;<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/12\/931\/523\/powell-12.jpg?ve=1&#038;tl=1\" alt=\"Powell Fed\" \/><\/div>\n<div class=\"caption\">\n<p><span>Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Nov. 30, 2021.<\/span><span> (Al Drago\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/federal-reserve-january-meeting-minutes\" target=\"_blank\" rel=\"noopener\"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/a><\/p>\n<p>The Fed has left rates unchanged since March 2020, but with inflation hitting a 40-year high <a href=\"https:\/\/www.foxbusiness.com\/personal-finance\/inflation-surges-january-interest-rates\" target=\"_blank\" rel=\"noopener\">last month<\/a> at 7.5% compared to the prior year, the central bank has faced increasing pressure to implement rate hikes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETF Trends CEO Tom Lydon and Baird Investment strategy analyst Ross Mayfield discuss the impact of the Ukraine crisis on US stocks on &#8216;The Claman Countdown.&#8217; Federal<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1356139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1356139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1356139"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1356139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1356139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1356139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1356139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}