Powell of the Fed says that higher interest rates may be necessary, keeping the dollar unchanged.

After Federal Reserve Chair Jerome Powell stated that the central bank may need to hike interest rates further to ensure that inflation is contained, the United States dollar remained unchanged on Friday, putting it on track to finish the week in a strong position. Powell also promised to move "carefully" at subsequent meetings.

In a speech given at an economic summit in Jackson Hole, Wyoming, Jerome Powell stated that poli....