Fed Chair Powell says smaller interest rate hikes could start in December

Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead and could start in December.

Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month. "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," he added. "The time for moderating the pace of rate increases may come as soon as the December meeting."

"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," he added. "We will stay the course until the job is done."

I don't think inflation going away. It may just temporily subsided.

He also said inflation was transitory

Markets to Jay Powell 🖕

How would anyone on Cartoon Network know what it means?

Sensex will crash tomorrow.

translation: a longer, odd-looking recession is much more likely than not.

Infaltion responds to ME-E by staying high.

we need bigger rate hikes. 200bps

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/CHF bears approach 0.9450 with eyes on Swiss GDP, Fed Chair PowellUSD/CHF takes offers to refresh intraday low near 0.9460 heading into Tuesday’s European session as it snaps the three-day uptrend. Although the risk-
Source: FXStreetNews - 🏆 14. / 72 Read more »

Fed Chair Jerome Powell is once again the center of attention for marketsRecent comments from St. Louis Fed president Bullard and vice chair Brainard have everyone convinced Powell will pull another Jackson Hole on Wednesday. BobPisani 👏👏👏 BobPisani Market tanks every time. Unemployment to 7%
Source: CNBC - 🏆 12. / 72 Read more »

USD/JPY looks to regain 139.00 amid sluggish yields, Fed Chair Powell eyedUSD/JPY remains sidelined around 138.80, despite picking up bids to snap two-day uptrend during early Wednesday morning in Tokyo. In doing so, the Yen
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/INR Price News: Rupee steadies near 81.60 with eyes on India GDP, Fed Chair PowellUSD/INR Price News: Rupee steadies near 81.60 with eyes on India GDP, Fed Chair Powell – by anilpanchal7 USDINR RiskAppetite GDP Fed Currencies
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Price Forecast: XAU/USD bulls seek validation from $1,760 and Fed Chair PowellGold price (XAU/USD) picks up bids to refresh intraday top near $1,755 heading into Wednesday’s European session. In doing so, the precious metal pric
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CAD bears are in play ahead of Fed chair Powell speechUSD/CAD is under pressure by some 0.24% ahead of the Federal Reserve's chairman Jerome Powell's speech. Meanwhile, the Canadian dollar strengthened on
Source: FXStreetNews - 🏆 14. / 72 Read more »