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US Fed Chair Powell hints at further rate hikes

Summary by Ground News
Federal Reserve Chair Jerome Powell spoke at the Brookings Institution. He said wages have been increasing, which helps people pay for what they need. But for most workers, salaries are being "eaten up by inflation," he said. He suggested policymakers could introduce smaller rate hikes, possibly even at the Fed's December meeting.

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NHK WorldNHK World
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US Fed Chair Powell hints at further rate hikes

Americans have headed into their holiday season feeling less than festive about the costs of gifts and travel. However, they have been cheered to see the prices of some goods come down -- as have the people in charge of monetary policy.

·Tokyo, Japan
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NHK World broke the news in Tokyo, Japan on Thursday, December 1, 2022.
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