Federal Reserve chairman Jerome Powell Speaks

by Maggie Fitzgerald
December 15, 2021

Federal Reserve chairman Jerome Powell answer questions from lawmakers about the monetary and fiscal response.

The majority of the Federal Reserve sees three interest rate hikes in 2022, according to the central bank’s so-called dot plot of projections. Wednesday's forecast showed 12 Federal Open Market Committee members expect at least three rate rises next year. Five members expect two rate hikes and one member expects one hike in 2022.

Every quarter, members of the committee forecast where interest rates will go in the short, medium and long term. These projections are represented visually in charts below called a dot plot.

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