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Fed unveils 75-basis-point rate hike, Powell doesn't see US in recession

Fed unveils 75-basis-point rate hike, Powell doesn't see US in recession

US stocks rallied on Wednesday led by Nasdaq after the Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point and comments by Federal Reserve Chairman Jerome Powell reassured investors.

Fed's Powell says must balance raising rates too much vs not enough

November 15, 2018

The US central bank is aiming to prolong the economic expansion but must balance the risk of raising interest rates too much or not enough, Federal Reserve Chairman Jerome Powell said Wednesday.

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