POLITICO

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Last Checked March 16, 2023

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Tue Mar 07 21:21:10 +0000 2023

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POLITICO @politico

Powell warned the Senate Banking Committee that high inflation and labor shortages could push the Fed to raise interest rates higher and faster than expected. Senators were more eager to hear what that means for the job market. Here's what Powell said👇 https://t.co/U4U5eMNfuf — PolitiTweet.org

Posted March 7, 2023

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POLITICO @politico

RT @jesusrodriguezb: New: For the first time in history, the U.S. territories are represented in Congress mostly by Republicans. Now that t… — PolitiTweet.org

Posted March 7, 2023 Retweet

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POLITICO @politico

Powell denied that he wanted unemployment to rise but acknowledged that the Fed does want to see the labor market weaken. Those seem contradictory, but the thinking is that fewer open jobs will help cool wage gains (which feed inflation) without causing a rise in joblessness. https://t.co/PIFBDllHXs — PolitiTweet.org

Posted March 7, 2023