Federal Reserve could raise interest rates HIGHER and faster

The could press on with rate hikes if does not begin to fall faster and the economy doesn't cool off, chair Jerome Powell told Senators on the Banking Committee on Tuesday.

He also warned that rate hikes could happen with greater frequency and claimed Congress' spending had little to do with price rises.

In response to a line of questioning from Sen. John Kennedy, R-La., on what Congress could do to aid in fighting inflation, Powell said '

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