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MNI BRIEF: Fed's Barr Sees Room To Slow Pace Of Rate Hikes

(MNI) WASHINGTON

Fed VC of Supervision says more work is still needed to fight inflation but it's time to calibrate hikes.

The Federal Reserve’s aggressive recent monetary tightening mean the central bank can start slowing the pace of interest rate increases as early as this month’s meeting, Fed Vice Chair For Supervision Michael Barr said Thursday.

Rapid rate increases to date “might let us shift to a slower pace of rate increases going forward as early as the next meeting. I imagine we are going to be considering this,” Barr told a virtual event sponsored by the American Enterprise Institute.

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The Federal Reserve’s aggressive recent monetary tightening mean the central bank can start slowing the pace of interest rate increases as early as this month’s meeting, Fed Vice Chair For Supervision Michael Barr said Thursday.

Rapid rate increases to date “might let us shift to a slower pace of rate increases going forward as early as the next meeting. I imagine we are going to be considering this,” Barr told a virtual event sponsored by the American Enterprise Institute.

Keep reading...Show less