Fed Governor Michael Barr on Thursday said slowing down the pace of interest rate hike 'makes sense.'
The Federal Reserve should downshift the pace of its rate hikes in December, said Federal Reserve Vice Chairman for Supervision Michael Barr on Thursday.Asked if he supported stepping down from that historically large 0.75-percentage-point hike to a 0.50-percentage-point... The Federal Reserve should downshift the pace of its rate hikes in December, said Federal Reserve Vice Chairman for Supervision Michael Barr on Thursday.Asked if he supported stepping down from that historically large 0.
Also read: Fed banking supervisor eyes ‘holistic’ review of bank regulations while doubling down on protections they offer Barr said he was committed to bringing inflation back down to 2%: “We have a lot of work to do. We have a long way to go.”
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