Fed Will ‘Proceed Carefully’ with Rate Hikes Despite Ukraine War - Chair Powell

 
The US Federal Reserve (Fed) will “proceed carefully” with its plan to hike interest rates this year despite the war in Ukraine, with the first hike of 0.25 percentage points still expected at the Fed’s next meeting in March, Fed chair Jerome Powell said during a hearing in Congress today. 
“We can’t know how large or persistent” the effects of the war will be on the economy, the Fed Chair said....
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