Don’t expect big interest rate hikes, Fed chief Powell says


powell fed chairman(Worthy News) – Federal Reserve chief Jerome Powell said Wednesday he regards current interest rates at nearly a neutral level.

He addressed the Economic Club of New York in his first major presentation since he indicated last month the Fed is planning on more interest rate increases.

“Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy, that is, neither speeding up nor slowing down growth,” he said. [ Source: UPI (Read More…) ]

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