Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets
- Question now is ‘Should we hike more?’ Fed chief says
- Powell downplays previous projections for more tightening
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Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting.
“The question we’re asking is: Should we hike more?” Powell told reporters during a press briefing after the decision. “Slowing down is giving us, I think, a better sense of how much more we need to do, if we need to do more.”