Powell: Repeats that case for continued gradual hikes is 'strong' - ConsultFX

Powell: Repeats that case for continued gradual hikes is 'strong'

Comments from Powell in Portugal Upbeat comments for sure but he's still skeptical on inflation rising. "Earlier in the expansion, as the economy recovered, the need for highly accommodative monetary policy was clear," Powell said. "But with unemployment low and expected to decline further, inflation close to our objective, and the risks to the outlook roughly balanced,