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."

 

 

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

 

Other news

Uttarkashi Cloud Burst: The reason behind the devastation has come to light; this is why the debris, along with water, came down rapidly, not once but twice

Due to the rising water level in Kheer Ganga in Dharali of Uttarkashi, the market and surrounding

Narendra Modi's election chariot: not just a campaign car, but a fort of facilities and security; Even bullets and bombs cannot harm PM

Prime Minister Narendra Modi recently conducted a road show in his parliamentary constituency&nbs

Bihar Board Toppers Award: Bihar Board Inter Toppers will get lakhs of awards, results brought good news

Bihar Board Inter Result Out Check Awards for BSEB Toppers: Bihar School Examination Board (BSEB)

Delhi Police Crime Branch will investigate the Parliament scuffle case, FIR registered under 6 sections.

The investigation of BJP and Congress's complaint regarding the ruckus and scuffle in the Parliam

PM Modi: 'Manmohan Singh set an example for the country...' when Modi openly praised the former PM in Rajya Sabha

PM Modi praised Manmohan Singh: While addressing the farewell ceremony of MPs in Rajya Sabha, PM

China Coronavirus: China facing double whammy, 'Dragon' to handle economy or save lives

Corona has created a ruckus in China. Amid the epidemic, China seems to be caught in a crisis. Ch

G-20 Summit: Patients will reach the hospital in 10 minutes at the time of emergency, and personnel leave cancelled; Services will be hi-tech

Advanced medical facilities will be provided to the guests attending the G-20 conference. In case

Olympics bronze medalist Aman Sehrawat watches TMKOC in his free time, 'Jethalal' gave such a reaction

Since the year 2008, Taarak Mehta Ka Ooltah Chashmah has been tickling the stomach of the public.

America's reply to China on Kovid arrangements said- We are doing a scientific test for Chinese passengers

The United States said on Tuesday that the Covid test for travelers arriving from China is scient

Adani Row: 'If Modi and Adani are together, then they are safe', Rahul Gandhi made allegations, raised demand for the arrest of the industrialist

Congress leader Rahul Gandhi made serious allegations in a press conference on Thursday on the co