![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Fed slows rate rises with 50bp increase
Powell stresses possibility of soft landing supported by “structural labour shortage”
![Jerome Powell](/sites/default/files/styles/landscape_750_463/public/2022-06/52149495149_f9bf34ea3c_k.jpg.webp?itok=bjk2HFSi)
The US Federal Reserve increased its target interest rate by 50 basis points today (December 14). It was the seventh consecutive rate hike in 2022 in an attempt to rein in multi-decade high inflation, but marked a possible new phase for monetary policy.
The Fed said it expects to continue to raise interest rates to bring inflation to 2% over the longer term. But the 50bp rate rise was smaller than recent 75bp moves, implying the US central bank may be nearing a turning point. Policy-makers
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com