Jerome Powell, the Chair of the US Federal Reserve, stated that it is not likely the Fed will raise rates further, but policymakers don't want to rule out the possibility of future hikes. Powell indicated that while the policy rate is likely at or near its peak for this tightening cycle, ongoing progress toward the 2% inflation objective is not assured.
BREAKING: 🇺🇸 US Fed Chair Powell says 'it is not likely we will hike further'
JUST IN: 🇺🇸 Fed Chair Powell says "it is not likely we will hike further." https://t.co/FXIiKgG0yf
Chair Jerome Powell indicates the Fed may be done raising interest rates, but warns extra hikes are still possible: “While we believe our policy rate is likely at or near its peak for this tightening cycle ... ongoing progress toward our 2% inflation objective is not assured.” https://t.co/PTTNA6nv6q
Chair Jerome Powell says that the Fed is not taking future rate hikes off the table https://t.co/YocvULoh14 https://t.co/EC0STAaC5t
Chair Jerome Powell says that the Fed is not taking future rate hikes off the table https://t.co/9861x15qTb https://t.co/y3Rlt3NQTi
Chair Jerome Powell says that the Fed is not taking future rate hikes off the table https://t.co/eYQUN0AT4U https://t.co/nGFU2bhpUf
Jerome Powell just said it’s not likely that the 🇺🇸 Fed will raise rates again put doesn’t want to take it fully off the table
⚠FED'S POWELL: POLICYMAKERS DON'T WANT TO TAKE POSSIBILITY OF FURTHER HIKES OFF THE TABLE
🔴 FED'S POWELL: POLICYMAKERS DON'T WANT TO TAKE POSSIBILITY OF FURTHER HIKES OFF THE TABLE.