Jerome Powell signals Fed could slow rate hikes

By Colin Wilhelm

Published November 28, 2018 5:27pm ET

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Jerome Powell signals Fed could slow rate hikes — Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee, on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill, Tuesday, July 17, 2018. | Graeme Jennings

Federal Reserve Chairman Jerome Powell opened the door Wednesday to the possibility that the central bank could keep interest rates steady over the coming months, rather than steadily raising them as expected.

“While [the Fed]’s projections are based on our best assessments of the outlook, there is no preset policy path,” Powell said in prepared remarks delivered before the Economic Club of New York.

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Federal Reserve Finance Interest Rates Jerome Powell Monetary Policy