US Fed chief Jerome Powell says rate hikes could slow from December
As its campaign to stifle inflation seeps through the economy, the US central bank may slow the pace of interest rate increases ‘as soon as’ December, according to Federal Reserve Chair Jerome Powell.
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more