“It would probably be better for us to raise rates a little sooner,” Fed Chairman Jerome Powell said.
US stock indices are rising on the new day after Fed Chairman Powell’s statements.
The S&P 500 fell 0.13% on Thursday, while the Nasdaq 100 fell 0.18%. The MSCI Asia Pacific Index is up 1.38%. The rise in technology stocks in China and Japan was effective. US Federal Reserve Chairman Jerome Powell said that perhaps it would be more correct for the Fed to raise interest rates before March. “We did our best at the time,” Powell added. The US Federal Reserve is ready to do “less” if things go better and “more” if things go bad. When asked about a 75 basis point rate hike, Powell replied, “We are not actively considering it.”
