Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., U.S., on Sept. 23, 2020. The Fed expects to raise interest rates in 2023, according to new economic projections.
Mandatory Credit: Kevin Dietsch/UPI/Bloomberg/Getty Images
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The Fed expects to raise rates sooner than you'd think
The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank published Wednesday.
