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Slower pace of rate increases could be coming 'soon,' says Fed vice chair | CNN Business

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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.

While the main goal of tighter monetary policy is to bring demand into better alignment with supply, there are expectations that it could ultimately lead to higher unemployment. Noting a “highly unusual labor market” thrown into upheaval due to the global pandemic, there remains a considerably high ratio of openings to unemployed workers. The Fed is hopeful that some demand can be filled by those high vacancies, instead of just layoffs, she said.

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She did not say that at all

Typical liberal media

These interest rate hikes hurt young families.

Those Israelis need to learn some self control.

Their floundering is hilarious; their inability to look into the mirror rather than futilely attempting to place blame on anyone but themselves is disturbing.

Happy Holiday's, thanks to Biden! .

Either way you look at it, we're in for a long, deep recession with the worst yet to come! .

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After the initial pace failed to achieve its goal of a majority GOP Congress.

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