According to news from PANews on March 30, according to the remarks of US Republican Congressman Kevin Hern quoted by Kim Ten, Fed Chairman Powell was asked in a private meeting with US lawmakers how much the Fed will raise interest rates this year. He pointed out that the policy The latest forecasts from policy makers show they expect one more rate hike.
Hearn is chairman of the Republican Studies Committee, and Powell met with conservatives on the committee on Wednesday. A spokeswoman for the group said the meeting with Powell had been scheduled before the collapse of Silicon Valley Bank.
Powell was essentially reiterating the new rate forecast, known as the Fed's dot plot, that policymakers released last week after the FOMC's two-day meeting. "One of the things they've acknowledged recently is that they're expecting one more rate hike this year," Hearn, of Oklahoma, told reporters after a meeting with Powell.
