Economy

Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes

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Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC, US, on Monday, Nov. 14, 2022.

Andrew Harrer | Bloomberg | Getty Images

Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.

With markets expecting a likely step down in December from the Fed’s rapid pace of rate increases this year, Brainard confirmed that a slowdown if not a stop is looming.

“I think it will probably be appropriate soon to move to a slower pace of rate increases,” she told Bloomberg News in a live interview.

That doesn’t mean the Fed will stop raising rates, but it at least will…



Source cnbc.com

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