Federal Reserve Chair Jerome Powell reiterated that raising interest rates by half percentage-point increments at the next two meetings is likely to be appropriate, though the central bank is prepared to change course depending on incoming data. Asked in a interview with the Marketplace public radio program if he had taken a larger 75 basis-point increase off the table, Powell said -- restating his comments from a May 4 press conference -- that while the Fed wasn’t “actively considering” such a move, “if the economy performs about as expected, that it would be appropriate for there to be additional 50-basis point ... (full story)