Yahoo Finance - Fed's Powell: Rate decisions made 'meeting by meeting' after aggressive hikes

[sprinkleeninow]

Excerpt: Federal Reserve Chair Jay Powell said Friday future decisions on interest rate moves will be made on a "meeting by meeting" basis after an aggressive campaign that has pushed rates to the highest level in 16 years.

Powell also said interest rates may not need to rise as high as previously expected with the bank crisis tightening credit conditions, even with inflation well above the Fed's 2% target.

"We've come a long way in policy tightening and the stance of policy is restrictive," Powell said at a conference alongside former Fed Chair Ben Bernanke at the Federal Reserve in Washington Friday.

https://finance.yahoo.com/news/feds-powell-rate-decisions-made-meeting-by-meeting-after-aggressive-hikes-170449574.html

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