Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes .
Yahoo Finance reports that Federal Reserve Chair
Jerome Powell warned that more interest rate hikes may
be on the horizon, as inflation remains persistently high. .
Additional evidence of persistently
above-trend growth, or that tightness
in the labor market is no longer easing,
could put further progress on inflation
at risk and could warrant further
tightening of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.
The statement comes just days
ahead of the Fed's next interest-rate
setting meeting scheduled for November 1. .
The news also precedes a ten-day
blackout, which bars Fed officials from
making statements to the public. .
In September, the last Fed policy-setting meeting held
interest rates at a 22-year high, while indicating that more
rate hikes would be required to reach the 2% inflation target. .
Yahoo Finance reports that investors predict the central
bank will hold steady at the November meeting, leaving
the benchmark interest rate in the range of 5.25%-5.50%.
Yahoo Finance reports that investors predict the central
bank will hold steady at the November meeting, leaving
the benchmark interest rate in the range of 5.25%-5.50%.
We remain attentive to these
developments because persistent
changes in financial conditions
can have implications for
the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.
We remain attentive to these
developments because persistent
changes in financial conditions
can have implications for
the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.
Powell reportedly noted that core
inflation was now down to about 3%.
The committee is proceeding carefully.
Doing too little could allow above-target
inflation to become entrenched and
ultimately require monetary policy to
wring more persistent inflation from
the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance.
The committee is proceeding carefully.
Doing too little could allow above-target
inflation to become entrenched and
ultimately require monetary policy to
wring more persistent inflation from
the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance.
Doing too much could also do
unnecessary harm to the economy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance