And Jerome Powell delivers some unwelcome news for the stock markets. US President Joe Biden. Welcome to Wednesday and some headlines from the worlds of business and politics from overnight.   Federal Reserve Chairman Jerome Powell   has warned interest rate hikes are likely to be steeper than first thought as a result of a string of strong economic data; the hikes will likely be larger than Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/morning-brew/us-president-biden-proposes-more-tax-on-the-rich/

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