Powell Says Smaller Rate Hike Likely Next Month
View Source | November 30, 2022 5:58 pm
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- 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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