Fed’s Powell says higher rates may be needed, will move ‘carefully’

Fed’s Powell says higher rates may be needed, will move ‘carefully’ JACKSON HOLE, Wyoming, Aug 25 (Reuters) – The Federal Reserve may need to raise interest rates further to ensure inflation is contained, Fed Chair Jerome Powell said on Friday, nodding both to easing price pressures and the surprising overperformance of the U.S. economy and promising to proceed “carefully” at upcoming meetings.

Fed’s Powell says higher rates may be needed, will move ‘carefully’