Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy, not bringing down inflation.” Fed Chair Powell Says ‘Very Premature’ to Talk About Pausing Interest Rate Hikes Fed Chairman Jerome Powell clarified during a news conference on the central bank’s economic outlook Wednesday that the Fed is not thinking about pausing its rate hikes. The con ...
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