Create account

Coverage dated March 1, 2022

The Fed will raise rates this month, Powell tells Congress

Headline from 12News Phoenix

A rate hike this month would be the first since 2018, but Powell said the Fed was proposing a smaller increase of 0.25%.

12News Phoenix's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Read the reports

Reports & sources

23 articles, oldest first.

  1. 12News Phoenix

    The Fed will raise rates this month, Powell tells Congress (opens 12News Phoenix)

    Published

    12News Phoenix's feed description

    A rate hike this month would be the first since 2018, but Powell said the Fed was proposing a smaller increase of 0.25%.

  2. WMUR

    Powell tells Congress that Fed will raise rates this month in effort to restrain surging inflation (opens WMUR)

    Published

    WMUR's feed description

    Higher Fed rates typically lead, in turn, to higher rates for consumers and businesses, including for homes and auto loans and credit cards.

  3. Minneapolis Star Tribune

    Powell tells Congress that Fed will raise rates this month (opens Minneapolis Star Tribune)

    Published

    Minneapolis Star Tribune's feed description

    Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation.

  4. The Hill

    Powell: Fed on track to hike rates in March (opens The Hill)

    Published

    The Hill's feed description

    Federal Reserve Chair Jerome Powell will tell lawmakers Wednesday the central bank will likely hike interest rates later this month with inflation “well above” the central bank’s target range.

  5. The Hill

    Powell lays out cautious plan to raise interest rates, combat high inflation (opens The Hill)

    Published

    The Hill's feed description

    Federal Reserve Chairman Jerome Powell told lawmakers Wednesday the central bank would move ahead “carefully” with raising interest rates as the Russian invasion of Ukraine looms over its battle with inflation.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.