Federal Reserve Chair Jerome Powell on Inflation, Rates, and the Economy

Federal Reserve Chairman Jerome Powell will participate in a Q&A session with Carlyle Group Chairman David Rubenstein.

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The event is taking place at the Economic Club in Washington D.C.

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The Fed recently raised its benchmark interest rate by a quarter percentage point to 4.5-4.75%.

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Powell mentioned signs of cooling inflation in the economy after the interest rate hike.

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The central bank needs to remain vigilant in their approach.

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The market widely expects the Fed to raise interest rates in March and May.

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The Fed will pause to assess the impact of higher interest rates on inflation and the economy after the expected hikes in March and May.

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