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Fed officials hint that rate hikes might not be over

By Zach Halaschak
Published May 22, 2023 7:14pm ET
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Fed officials hint that rate hikes might not be over
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022, in Washington. The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point. | (Alex Brandon/AP)

Some Federal Reserve officials are beginning to push back on the notion that the central bank will pause its historic rate hiking cycle this year.

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Federal Reserve Inflation Interest Rates Recession