Fed Chair Jerome Powell Signals an Easing of Rate Hikes Due to Bank Stresses Caused by Prior Policy Tightening

NOW – Fed Chair Jerome Powell Signals an Easing of Rate Hikes Due to Bank Stresses Caused by Prior Policy Tightening

"We’ve come along way in policy tightening and the stance of policy is restrictive and we face uncertainty about the lagged effects of our tightening so far and about the extent of credit tightening from recent bank stresses."

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