Federal Reserve Governor Jerome Powell on Tuesday said he sees conditions for an interest rate liftoff as soon as September, and an additional increase in December.
He added that he believes the dollar and oil prices have broadly stabilized.
He estimated the economy will grow at around a 2 percent pace this year.
Powell said he’s seen positive signs in the economy, including a pickup in wages and an uptick in the labor participation rate.
Powell is a voting member on the policy-setting committee.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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