Powell reinforces expectations of sharp rate hike next month

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The the the the chair chair chair chair of of of of the the the the federal federal federal federal reserve reserve reserve reserve is is is is signaling signaling signaling signaling sharp sharp sharp sharp interest interest interest interest rate rate rate rate hikes hikes hikes hikes are are are are likely likely likely likely in in in in the the the the coming coming coming coming months months months months I'm I'm I'm I'm Ben Ben Ben Ben Thomas Thomas Thomas Thomas with with with with the the the the story story story story in in in in an an an an IMF IMF IMF IMF World World World World Bank Bank Bank Bank panel panel panel panel discussion discussion discussion discussion fed fed fed fed chair chair chair chair Jerome Jerome Jerome Jerome Powell Powell Powell Powell said said said said taming taming taming taming inflation inflation inflation inflation is is is is essential essential essential essential economists economists economists economists don't don't don't don't work work work work without without without without price price price price stability stability stability stability we we we we need need need need that that that that to to to to have have have have a a a a strong strong strong strong labor labor labor labor market market market market for for for for an an an an extended extended extended extended period period period period of of of of time time time time we we we we need need need need for for for for financial financial financial financial stability stability stability stability so so so so we we we we must must must must do do do do that that that that I'll I'll I'll I'll noted noted noted noted the the the the fed's fed's fed's fed's last last last last cycle cycle cycle cycle of of of of interest interest interest interest rate rate rate rate hikes hikes hikes hikes from from from from two two two two thousand thousand thousand thousand forty forty forty forty two two two two thousand thousand thousand thousand six six six six we're we're we're we're quarter quarter quarter quarter point point point point increases increases increases increases inflation inflation inflation inflation was was was was a a a a little little little little over over over over three three three three percent percent percent percent is is is is inflation inflation inflation inflation is is is is much much much much higher higher higher higher now now now now and and and and our our our our policy policy policy policy rate rate rate rate is is is is is is is is still still still still more more more more accommodative accommodative accommodative accommodative that that that that was was was was that that that that and and and and with with with with inflation inflation inflation inflation at at at at its its its its highest highest highest highest in in in in more more more more than than than than forty forty forty forty years years years years it it it it is is is is appropriate appropriate appropriate appropriate in in in in my my my my view view view view of of of of to to to to be be be be moving moving moving moving a a a a little little little little more more more more quickly quickly quickly quickly and and and and I I I I I I I I also also also also I I I I also also also also think think think think there's there's there's there's something something something something in in in in the the the the idea idea idea idea of of of of front front front front end end end end loading loading loading loading whatever whatever whatever whatever accommodation accommodation accommodation accommodation one one one one thinks thinks thinks thinks is is is is appropriate appropriate appropriate appropriate the the the the fed's fed's fed's fed's next next next next policy policy policy policy meeting meeting meeting meeting comes comes comes comes in in in in early early early early may may may may analysts analysts analysts analysts are are are are expecting expecting expecting expecting a a a a half half half half point point point point increase increase increase increase in in in in the the the the federal federal federal federal funds funds funds funds rate rate rate rate Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington

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