Watch Fed Chairman Jerome Powell speak live during Q&A at the Cato Institute

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Federal Reserve Chairman Jerome Powell speaks Thursday morning during a question-and-answer session at the Cato Institute, a Washington, DC-based think tank.

His remarks come as markets widely expect the Fed to make a third consecutive 0.75 percentage point hike in interest rates when it meets again on September 20-21.

In his final public remarks, delivered at the central bank’s annual symposium in Jackson Hole, Wyoming, Powell said there was “no need to stop or pause” when it comes to to raise interest rates. On Wednesday, Vice Chairman Lael Brainard backed up the remarks, promising that the Fed is “in this as long as it takes” to successfully bring down inflation.

The Fed has raised its benchmark borrowing rate four times this year, to a target range of 2.25% to 2.5%. Cleveland Fed President Loretta Mester said she would like to see the rate climb above 4% by early 2023.

Read more
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