The Fed: Preview: Powell to defend pace of one interest-rate hike every three months

Federal Reserve Board Chairman Jerome Powell

Federal Reserve Chairman Jerome Powell will defend the current pace of one interest-rate hike per quarter, economists said.

“I think he’s been a stick-to-the-path kind of guy,” said Robert Brusca, chief economist at FAO Economics.

Powell will testify to the Senate Banking Committee at 10 a.m. on Tuesday, followed by a second day with the House Financial Services panel on Wednesday.

After raising rates in March and June, the Fed has penciled in two more interest-rate hikes this year. Markets expect the Fed to move in September and December.

Read:Fed lifts interest rates and aims for another pair of increases later this year

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