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Powell Says Support For 25BP Hike At This Meeting Was Very Strong

FED
  • Q: Did you consider pausing at this meeting?
  • A: Support for the 25bp hike was very strong across the board. There is a number of people who did talk about pausing, but not so much at this meeting. There's a sense we're much closer to the end than the beginning, or maybe even there. That's going to be an ongoing assessment.
  • Q: Is the bar higher to raising rates now?
  • A: I couldn't really say, I think we've moved a long way fairly quickly and can afford to look at the data and make a careful assessment.
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