Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as progress in the fight against inflation has largely been unsatisfactory. Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to reduce the size of rate hikes as soon as next month. But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation.
Source: CNBC – Bonds
