Washington —  Federal Reserve Chair Jerome Powell reported Tuesday the U.S. overall economy is advancing at a more rapidly speed than anticipated, which could prompt central financial institution plan makers to elevate desire rates at a more quickly tempo than at first planned to curb paying out and borrowing in hopes of reining in the continuing enhance in purchaser price ranges. Plan makers at the central financial institution had signaled their intent to boost its benchmark fascination fee by a quarter of a proportion level at upcoming conferences about many months. But Powell advised the Senate Banking Committee that may possibly not be enough to suppress the U.S. inflation level,…