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Fed's Powell Says Case for December Rate Hike Is Coming Together

Fed's Powell Says Case for December Rate Hike Is Coming Together

(Bloomberg) -- Federal Reserve chair nominee Jerome Powell said the case for a December interest-rate increase is “coming together” as economic conditions support such a move.

Powell made the remarks Tuesday at a Senate Banking Committee hearing to consider his nomination to succeed Fed Chair Janet Yellen.

To contact the reporter on this story: Brendan Murray in Washington at brmurray@bloomberg.net.

To contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sarah McGregor

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