The Federal Reserve will likely soon slow its interest rates hikes, Fed Vice Chair Lael Brainard signaled on Monday, as the U.S. central bank tries to figure out how high borrowing costs need to go and how long they should stay there to bring down inflation.
“I think it will probably be appropriate soon to move to a slower pace of increases, but I think what’s really important to emphasize is ... we have additional work to do,” Brainard said in an interview with Bloomberg in Washington.
