Powell says case for December rate hike is coming together
Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, testifies during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, Tuesday, Nov. 28, 2017.
, AP Photo/Carolyn Kaster
Brendan Murray, Bloomberg News
Federal Reserve chair nominee Jerome Powell said the case for a December interest-rate increase is “coming together” as economic conditions support such a move.
Powell made the remarks Tuesday at a Senate Banking Committee hearing to consider his nomination to succeed Fed Chair Janet Yellen.