Rate Hike: US Fed Chairman consoles, hints at easing rate hike during next meeting


Posted on 1st Dec 2022 04:02 pm by rohit kumar

US Federal Reserve Chairman Jerome Powell comforted on Wednesday that interest rate hikes could be eased at the next monetary policy meeting. Powell said during a Hutchins Center on Fiscal and Monetary Policy event at the Brookings Institution that the December meeting could consider slowing the pace of rate hikes.

 

 

The next Federal Open Market Committee meeting is scheduled for December 14 and 15, 2022, the US Central Bank has informed on its website. Monetary policy affects the economy and inflation with uncertain lag, Powell said, and the full effects of monetary policy tightening have yet to be felt. Powell, without giving any indication of a rate change, said, "It makes sense to reduce the pace of growth now that we have reached a level of moderation that will be enough to bring inflation down."

Did you know?Explore Trending and Topic pages for more stories like this.

 

 

However, the Fed chairman also said that history testifies against prematurely loosening policy. In such a situation, this exercise should continue till the goal of controlling inflation is achieved. The minutes of the US Federal Reserve's latest monetary policy review meeting showed that a large group of members favored slowing the pace of policy rate hikes.

 

Also Read: ED Action: BS-3 vehicles were "fraudulently" registered as BS-4 vehicles, now property worth crores seized

 

1 Like 0 Dislike
Previous news Next news
Other news

'Everyone will be punished...' Yunus Sarkar took big action against those who attacked Hindus after meeting Vikram Misri.

After meeting India's Foreign Secretary Vikram Misri, Bangladesh's Mohammad Yunus government has

Rekha Gupta Attack: The attacker was doing recce for 24 hours... video surfaced; Minister Pravesh Verma said this

A new revelation has been made in the case of the attack on Delhi Chief Minister Rekha Gupta. Del

IND vs USA: Pakistan's hopes remain alive with the Indian team's victory over America, Suryakumar-Shivam's excellent partnership

After a brilliant performance by the bowlers led by fast bowler Arshdeep Singh, India qualified f

Crew: Kareena, Kriti, and Tabu's 'Crew' will blow away the box office, releasing in more than 75 countries

The 'crew' of Kareena Kapoor, Kriti Sen, and Tabu is ready to rock. The film is going to hit the

Saif Ali Khan Attack: Came to India after infiltrating from Bangladesh, then attacked Saif; What was Mohammad Shariful's intention?

Mumbai Police caught the attacker who stabbed Bollywood star Saif Ali Khan in the early hours of

Tribal areas can be kept out of the purview of UCC, Law Commission has received 19 lakh suggestions so far

In some parts of the country, including the northeastern states, tribal groups may be considered

Why won't it matter to India if Pakistan doesn't come to play World Cup, said former player

Pakistan Cricket Board Chief Rameez Raja recently said that if India does not come to Pakistan to

Bengal Election: Clash between TMC and Humayun Kabir's supporters, attack involving crude bombs as well; what is happening in Murshidabad?

Voting is currently underway for 152 seats across 16 districts as part of the first phase of the

Kolkata Doctor Rape And Murder: Kolkata Mourns the Loss of a Young Doctor, Demands Justice for Brutal Rape and Murder
The tragic rape and murder of a young trainee doctor at Kolkata's RG Kar Medical College and Hospita

PM Modi: PM Modi will visit Thailand and Sri Lanka; and will attend BIMSTEC summit in Bangkok

Prime Minister Narendra Modi will visit Thailand and Sri Lanka next month. An official announceme

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash