On March 30, according to Republican Congressman Kevin Hern, when Fed Chairman Powell was asked in a private meeting with U.S. lawmakers how much more interest rates the Fed would raise this year, he pointed out that policymakers The latest forecasts show that they expect one more interest rate hike.
Hearn chairs the Republican Study Committee, where Powell met with conservatives on Wednesday. A spokeswoman for the group said the meeting with Powell was scheduled before Silicon Valley Bank collapsed.
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