Powell Set to Lay Groundwork for Higher Rates on Capitol Hill
Federal Reserve Chair Jerome Powell is expected to echo fellow central bankers in suggesting interest rates will go higher than policymakers anticipated just weeks ago if economic data continue to come in hot.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Powell Set to Lay Groundwork for Higher Rates on Capitol Hill

### Response: Federal Reserve Chair Jerome Powell is expected to echo fellow central bankers in suggesting interest rates will go higher than policymakers anticipated just weeks ago if economic data continue to come in hot.