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

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

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

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

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

The central bank needs to remain vigilant in their approach.

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

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.