Slower pace of rate increases could be coming 'soon,' says Fed vice chair
CNN
It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the central bank's number-two policymaker, Vice Chair Lael Brainard.
"I think it will probably be appropriate soon to maintain a slower pace of increases," Brainard said Monday at an event hosted by Bloomberg News in Washington, DC.
The Fed has taken the unprecedented step of issuing a series of massive rate hikes in its battle to tame decades-high inflation. At each of its past four meetings, the central bank approved a rate hike of three-quarters of a percentage point, raising its benchmark lending rate by 4 percentage points in just nine months.
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