Powell Says Smaller Rate Hike Likely Next Month

  • The Fed has tried made a series or interest rates in an effort to slow inflation, while also trying not to got too far and sent the U.S. economy into a recession.
  • Still, Powell in a speech Wednesday at the Brookings Institution think tank in Washington, D.C., warned that monetary policy is likely to stay restrictive  until real signs of progress on inflation emerges.
  • “We will stay the course until the job is done,” he said.
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