Powell says strong economy will keep rate hikes coming

By Martin Crutsinger, The Associated Press
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump’s get-tough trade policies run the risk of dampening future growth if they lead to permanently higher tariffs.
Delivering his twice-a-year report on monetary policy to Congress, Powell gave an upbeat assessment of the economy’s prospects. He