Powell Says Further Rate Hikes Needed Amid ‘Strong’ Labor Market

Bloomberg, Jan. 7, 2023–Craig Torres
Federal Reserve Chair Jerome Powell said that additional interest-rate increases will be needed to cool inflation and borrowing costs may need to peak higher than previously expected, if the strong jobs market persists.
https://www.bloomberg.com/news/articles/2023-02-07/powell-says-further-rate-hikes-needed-amid-strong-labor-market?srnd=premium