Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes .<br />Yahoo Finance reports that Federal Reserve Chair <br />Jerome Powell warned that more interest rate hikes may <br />be on the horizon, as inflation remains persistently high. .<br />Additional evidence of persistently <br />above-trend growth, or that tightness <br />in the labor market is no longer easing, <br />could put further progress on inflation <br />at risk and could warrant further <br />tightening of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.<br />The statement comes just days <br />ahead of the Fed's next interest-rate <br />setting meeting scheduled for November 1. .<br />The news also precedes a ten-day <br />blackout, which bars Fed officials from <br />making statements to the public. .<br />In September, the last Fed policy-setting meeting held <br />interest rates at a 22-year high, while indicating that more <br />rate hikes would be required to reach the 2% inflation target. .<br />Yahoo Finance reports that investors predict the central <br />bank will hold steady at the November meeting, leaving <br />the benchmark interest rate in the range of 5.25%-5.50%.<br />Yahoo Finance reports that investors predict the central <br />bank will hold steady at the November meeting, leaving <br />the benchmark interest rate in the range of 5.25%-5.50%.<br />We remain attentive to these <br />developments because persistent <br />changes in financial conditions <br />can have implications for <br />the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.<br />We remain attentive to these <br />developments because persistent <br />changes in financial conditions <br />can have implications for <br />the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance.<br />Powell reportedly noted that core <br />inflation was now down to about 3%.<br />The committee is proceeding carefully. <br />Doing too little could allow above-target <br />inflation to become entrenched and <br />ultimately require monetary policy to <br />wring more persistent inflation from <br />the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance.<br />The committee is proceeding carefully. <br />Doing too little could allow above-target <br />inflation to become entrenched and <br />ultimately require monetary policy to <br />wring more persistent inflation from <br />the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance.<br />Doing too much could also do <br />unnecessary harm to the economy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance
