A week after delivering a 25 basis point interest rate hike, Federal Reserve Chairman Jerome Powell welcomed disinflation yesterday, but warned that if we see stronger labour reports, or signs that inflation is creeping back in then “it may well be the case that we have to do more and raise rates more than is currently priced in”. The US equity markets dithered about which way to go during his speech but closed higher on the day as they focused on the disinflation comment, with a particularly strong showing from tech stocks. David Kohl, Chief Economist delivers his thoughts on what happens with US interest rates now.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:51 Latest update from US Federal Reserve Chair Jerome Powell by David Kohl (Chief Economist)06:42 Closing remarks by Bernadette Anderko (Investment Writing)