×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: federal reserve | rate hikes | jerome powell

Powell Says Fed Has Not Yet Determined the Trajectory of Rate Hikes

Jerome Powell
Federal Reserve Chairman Jerome Powell (Getty Images)

Wednesday, 26 January 2022 02:52 PM EST

Federal Reserve officials have not yet made a determination about the trajectory of any coming interest rate increases, Chair Jerome Powell said on Wednesday, adding it was not possible to predict "exactly" what the path of policy tightening will be.

Powell's comments at a press conference followed the release of the Fed's latest policy statement, which signaled the Fed is preparing soon to raise interest rates from near zero https://www.reuters.com/business/finance/inflation-fighting-fed-likely-flag-march-interest-rate-hike-2022-01-26, likely as early as its next meeting in March.

The Fed also signaled it was readying to reduce its nearly $9 trillion balance sheet after rate hikes begin.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Federal Reserve officials have not yet made a determination about the trajectory of any coming interest rate increases, Chair Jerome Powell said on Wednesday, adding it was not possible to predict "exactly" what the path of policy tightening will be.
federal reserve, rate hikes, jerome powell
98
2022-52-26
Wednesday, 26 January 2022 02:52 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved