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March of 2022. powell will testify to the senate about policies thursday. former u.s. international trade commission chief peter morici joins us to discuss what this means and peter is good at putting this in simple language. we just heard the fed chairman say getting inflation back to 2% has a long way to go. if that is the case, why did they policy interest rate hikes? >> using money and inflation is good for workers, wages will rise faster than inflation. he has put several people on the board who are what we call doves and in reality this was a compromise if they believe they been aggressi...

When will the Fed start lowering interest rates? Its recent forecast for two more rate hikes this year has pushed out estimates for rate cuts.

Even with the pause, Fed officials suggest further increases may come depending on how close economy gets to 2% inflation target

Inflation. this decision comes just as two key indicators show prices did ease quite a bit in the past month. joining us now, we have cnn chief business correspondent christine romans. the question i think on everyone's minds, is will the fed be done raising interest rates, even if they hold them steady this month? >> yeah. it is a pal pous, just for one month, and then they keep raising interest rates or is this the beginning of the end of the rate increases and that's the question we're waiting for jerome powell to talk to reporters and maybe clarify a little bit about future of rate hikes. ...

Stay updated with the latest financial market news, including the falling dollar, rising jobless claims, inflation data, and upcoming interest rate decisions.