Fed chairman surprises Wall Street by hinting higher interest rates are coming – CBS News


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Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee on Tuesday that interest rates could rise higher and faster than expected in the fight against inflation. New York Times Federal Reserve reporter Jeanne Smialek joins CBS News’ John Dickerson to discuss the comments, as well as a new corporate trend that is persuading consumers to spend more on similar products.

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https://www.cbsnews.com/video/fed-chair-jerome-powell-wall-street-higher-interest-rates/

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