WASHINGTON (Reuters) – A half-point rate of interest improve can be “on the desk” when the Fed meets on Might 3-4 to approve the subsequent in what are anticipated to be a sequence of charge will increase this yr, Fed chair Jerome Powell stated Thursday.

With inflation operating roughly thrice the Fed’s 2% goal, “it’s acceptable to be transferring slightly extra shortly,” Powell stated in a dialogue of the worldwide economic system on the conferences of the Worldwide Financial Fund. “50 foundation factors can be on the desk for the Might assembly.”