Powell Says Fed Will ‘Proceed Carefully’ on Further Rate Rises

📆 8/25/2023 8:14 PM
📰 WSJ

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Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now.

Fed chair notes economy hasn’t cooled as expected, saying of more strength could warrant additional actionFederal Reserve Chair Jerome Powell signaled that additional action on raising interest rates could be necessary during his address

Friday at the Kansas City Fed’s annual symposium in Wyoming. Photo: Nathan Howard/Associated Pressargued for holding interest rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to

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Powell Says Fed Will ‘Proceed Carefully’ on Any Further Rate RisesFederal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now.
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