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The US economy will need tight monetary policy “for some time” before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and “some pain” for households and businesses, he added.

Wall Street ends in a hole after Powell's speech on rate hikes




Name Price Change % Chg
Ntpc 163.40 4.50 2.83
Nhpc 35.55 0.20 0.57
Indiabulls Hsg 136.85 0.20 0.15
Sbi 523.80 3.40 0.65

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