Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month
Headline from KAGS Bryan
Powell's remarks Friday followed a series of comments from Fed officials this week that conveyed decidedly mixed messages about the central bank's likely next move.
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Powell's remarks Friday followed a series of comments from Fed officials this week that conveyed decidedly mixed messages about the central bank's likely next move.
Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending and economic growth.
WASHINGTON — Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. In signaling so, Powell provided some
Powell said the central bank's benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending, and economic growth.
Jerome Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending and economic growth.
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