Business

Fed’s Powell Says Pace of Rate Hikes Could Slow as Soon as This Month

Google LogoMark Us Preferred on Google
Fed’s Powell Says Pace of Rate Hikes Could Slow as Soon as This Month
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve Board Building in Washington on Nov. 2, 2022. Mandel Ngan/AFP via Getty Images
Andrew Moran
|Updated:
0:00

Federal Reserve Chair Jerome Powell indicated on Nov. 30 that the central bank could slow the pace of interest rate increases as early as its mid-December policy meeting.

Speaking at the Brookings Institution, Powell attempted to balance his dovish remarks with a hawkish inflation-busting stance.
Google LogoMark Us Preferred on Google
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
Related Topics