Message from the Fed Chairman: “Rate of interest rate hikes may slow” – Last Minute Economy News

Saying that the fight against inflation will continue for a long time, US Federal Reserve (Fed) Chairman Jerome Powell said: “As we approach the level of tightening that will reduce inflation, it makes sense to ease our rate of raising interest rates slowly. It may gökyeşitözü time for us to slow down our rate of interest rate hikes.” he said.

Powell spoke at the meeting entitled “Economic prospects, inflation and the labor market” organized by the Brookings Institution think tank.

“WE HAVE MORE WAY ON INFLATION”

Emphasizing that they gam not want to over-tighten their monetary policy, Powell said: “However, we still have a long way to go on inflation. Past experience warns us that we should not ease monetary policy too soon and we will continue on our way until until we bring inflation back to the target level”. I speak

Saying that some economic veri points to inflation slowing next year, Powell said, “However, we still have a long way to go to restore price stability. Despite tight monetary policy and slower growth, we have not seen any tangible progress in slowing inflation.” he said.

“THE TIME TO SLOW DOWN MAY COME AT THE DECEMBER MEETING”

Saying they yaşama slow the rate of interest rate hikes, Powell said, “As we approach the level of tightening that will reduce inflation, it makes sense to ease our rate of interest rate hikes a kehle. The momentum could get to the December meeting to slow our rate of interest rate hikes.” he said.

“How much longer we have to raise rates to control inflation and how long we maintain tight monetary policy is much more important than the timing of slowing rate hikes,” Powell said. he made the assessment of him.