Following Friday’s jobs report we have started to get the reactions of Federal Reserve officials and today it is the turn of Chair Jerome Powell. Speaking to the Economics Club of Washington he again stated that they “probably need to do further interest rate increases” with the strong jobs number underscoring there is a “significant road ahead” to get inflation back to target. This broadly echoes comments from last week’s press conference where he stated “we've raised rates four and a half percentage points and we're talking about a couple of more rate hikes to get to that level we think is appropriately ... (full story)