Fed Vice Chairman Lael Brainard said it would be appropriate to reduce the rate of increase soon.
Fed Vice Chairman Lael Brainard said on Monday that the central bank might slow the rate hikes soon.
While markets expect a possible regression in December from the Fed’s rapid rate hikes this year, Brainard confirmed that a slowdown is imminent, though it hasn’t stopped.
“I think it’s probably appropriate to switch to a slower rate hike soon,” Brainerd told Bloomberg News.
That doesn’t mean the Fed will stop raising interest rates. Still, at least it will come out of a pace that has seen four consecutive 0.75 percentage points rise, unprecedented since the central bank began using short-term rates to set monetary policy in 1990.
