영어뉴스 공부하기 : . Fed chief opens door to higher, possibly faster rate hikes

* chief, main 최상급

* the main reason

* primary, principal

* open a door 문을 열다

* open the door 기회가 넓어지다 = 가능성, 기회 = make ~ easier

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# After months of aggressive rate hikes to tame inflation, Federal Reserve Chairman Jerome Powell told a senate hearing Tuesday that the job’s still not finished, warning lawmakers that the Fed may have to pick up the pace and the size of interest rate hikes to get prices under control. “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we'd be prepared to increase the pace of rate hikes. Restoring price stability will likely require that we maintain a restrictive stance of monetary policy for some time.”

* aggressive 적극적, 대폭, 과감

* tame 길들이다 (*weaken) = get sth under control

* hearing 청문회

* the job = taming inflation

* warn 다른 가능성 언급 

* pick up the pace 속도를 올리다

* come in 결과의 의미

* 결과 outcome => come out = come in

* He came in first 결과적으로 일등

* strong, healthy, solid 안정적인

* ultimate = final

* were to indicate 예정

* the totality = the total number / amount

* warrant = justify 정당화 

* is prepared to = ready / /willing

* restrict 제한

* stance 입장

* for some time : some 강조, 한동안은

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# The comments were Powell's first since inflation unexpectedly jumped in January and marked a stark acknowledgement that the disinflationary process he spoke of repeatedly in a Feb. 1 news conference was not unfolding smoothly. “Although inflation has been moderating in recent months, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.” The central bank’s monetary policy committee meets March 21 and 22 and investors boosted bets to more than 70% that the Fed would approve a half-percentage-point rate hike at that meeting. Equity markets fell sharply in mid-day trading Tuesday, as investors had hoped the fed might soon start easing up on its inflation campaign. The March 10th release of the Labor Department's jobs report for February and an inflation report next week will be key data in shaping that outcome.

 

* stark 밖으로 여실히 드러나는 = obvious

* acknowledgement that~  ~를 인정한다

* unfold = develop = happen

* mderate : 누그러지다

* bump 혹

* a bumpy road 난관, 순탄하지 않은

* the FOMC 연방공개시장위원회 => 기준금리 결정하는 위원회

* bet  내기 => 가능성

* hap pp : 당초, 애초에

* campaign 대규모 느낌이 있음

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# Powell also indicated labor market conditions would need to soften. Unemployment remains at a more than 50-year low. Several senators picked up on this comment, with Elizabeth Warren of Massachusetts pointing out that the Fed’s latest projections indicate the unemployment rate would climb 1-percentage point at the predicted path of rate hikes, which means two-million Americans would lose their jobs. "So, Chair Powell, if you could speak directly to the 2,000,000 hardworking people who have decent jobs today who you're planning to get fired over the next year, what would you say to them? How would you explain your view that they need to lose their jobs?"

 

* weak, slow, soft : 약화

* pick up on sth ~ 에 대해서 반응을 보이다

* decent = good = enough

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# "I would explain to people more broadly that inflation is extremely high and it's hurting the working people of this country badly. All of them, not just two million of them, but all of them are suffering under high inflation and we are taking the only measures we have to bring inflation down." "Putting 2 million people out of work is just part of the cost and they just have to bear it." "Will they working people be better off if we just walk away from our jobs and inflation remains five, 6%?" Powell testifies before a House Committee Wednesday.

 

* bring ~ down = get ~ under control = tame

* bear 감내하다

* testify 증언하다