Tue, Apr 11th, 2023 - 9:00am
November 03, 2022 - 7:46am | By Kyle Cornell
(Washington, DC) -- Federal Reserve Chairman Jerome Powell says it's "premature" to talk about pausing interest rate hikes.
To emphasize his point, Powell said "we have a ways to go."
In announcing its latest three-quarters of a percentage point increase, the Fed said further bumps would likely be needed to get inflation back to two-percent.