Fed's Powell: Half-point rate increase "on the table" for May meeting
WASHINGTON, April 21 (Reuters) - A half-point interest rate increase will be "on the table" when the Fed meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed chair Jerome Powell said Thursday.
With inflation running roughly three times the Fed's 2% target, "it is appropriate to be moving a little more quickly," Powell said in a discussion of the global economy at the meetings of the International Monetary Fund. "50 basis points will be on the table for the May meeting."
Reporting by Howard Schneider Editing by Chizu Nomiyama
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