Powell signals FOMC may slow pace of hikes

Fed hopes to remove labour market pressure by cutting number of job openings, Powell says

Federal Reserve chair Jerome Powell
US Federal Reserve

US Federal Reserve chair Jerome Powell signalled a willingness to put the brakes on rate hikes in the near term on November 30.

“The time for moderating the pace of rate increases may come as soon as the December meeting,” said Powell at a Brookings Institution event.

The key questions, he said, were how high the Federal Open Market Committee would raise the policy rate and how long it would stay there. He said the FOMC would try to identify a policy stance “that is sufficiently restrictive to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account