Watch Fed Chairman Jerome Powell speak live at IMF debate
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The event is part of the IMF’s Debate on the Global Economy. Participants also will include European Central Bank President Christine Lagarde along with representatives from the IMF, Indonesia and Barbados.
With inflation running at 40-year highs, rising prices are seen as the biggest danger to economic growth in the pandemic era. Like other global central banks, the Powell Fed is expected to tighten monetary policy considerably this year, with a series of interest rate hikes and a reduction in asset holdings.
Other Fed officials this week mostly said they want to combat inflation without going so far as to derail the recovery. Markets expect a series of rate hikes and a reduction in assets at a pace that eventually could reach $95 billion a month.