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

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.