Fed Chair Powell's Views on Policy Rates May Not Have Changed Much Since December

The Fed raised the federal funds rate by 25 basis points. The extent of future rate hikes will depend on incoming economic data and also taking into account monetary policy lags, says CNN's John Defterios. markets were really focused on whether Fed Chair Powell would double down on the hawkish message that was delivered right through the end of last year,. including at the previous press conference in December.