Latest Breaking News On - Chairjerome powell - Page 10 : comparemela.com

after four hefty rate hikes each three quarters of a percentage point us federal reserve chairjerome powell indicated on wednesday that america s central bank was ready to slow the rate of increases. the full effects of our rapid tightening so far are yet to be felt. thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. the time for moderating the pace of rate increases may come as soon as the december meeting. while us financial markets cheered the prospect of smaller rate hikes, chair powell emphasised that what matters most is the destination in other words, how much further rates have to climb, and how long they will stay high, ratherthan the pace of change. it is likely that restoring price stability will require holding policy at a restrictive level for some time. history cautions strongly against prematurely loosening policy. and i ll close by saying that we will stay the cours

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