Tagged: Jerome Powell

Powell Hints at Pause in Rate Hikes When Fed Meets Next Month

Powell Hints at Pause in Rate Hikes When Fed Meets Next Month

Banking & Finance

Speaking at a Fed conference in Washington, 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. Fed officials hope that slower growth will cool inflation over time. read more >