Powell Speaks: Federal Reserve Policy Update
Live Coverage of the Speech
Federal Reserve Chairman Jerome Powell is currently delivering a speech on monetary policy. Follow our live coverage for updates on the latest developments.
Key Points from Powell's Speech
Powell opened his speech by discussing the economic outlook and the path forward for monetary policy. He also briefly touched on the Federal Reserve's monetary policy framework.
Powell signaled that the Federal Reserve is likely to slow the pace of interest rate hikes in the near future. This comes after a series of aggressive rate hikes aimed at combating high inflation.
"We are beginning to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down," Powell said.
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