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MNI BRIEF: Powell Says Rate Downshift Could Come In December

(MNI) WASHINGTON

Federal Reserve Chair Jerome Powell said Wednesday a downshift from the 75bp pace of interest rate increases could happen as soon as December but no decision has been made.

"It may come as soon as the next meeting or the one after that. No decision has been made," Powell told reporters after delivering an unprecedented fourth 75bp rate hike. "It is likely we'll have a discussion about this at the next meeting."

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Federal Reserve Chair Jerome Powell said Wednesday a downshift from the 75bp pace of interest rate increases could happen as soon as December but no decision has been made.

"It may come as soon as the next meeting or the one after that. No decision has been made," Powell told reporters after delivering an unprecedented fourth 75bp rate hike. "It is likely we'll have a discussion about this at the next meeting."

Keep reading...Show less