Fed Chairman Powell: Market volatility won’t stop more rate hikes

• February 27, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

Federal Reserve Chairman Jerome Powell downplayed concerns over recent market volatility, and said the central bank remains on course for more interest rate hikes.

Powell emphasized that the job market remains robust, consumer spending is solid and wage growth is accelerating.

The Fed has been aiming to boost inflation to 2 percent, but the recent pickup in monthly readings has spooked some investors.