Powell Looks to a November Pause, Warns of More Rate Hikes if Needed

Federal Reserve Chair, Jerome Powell, raised alarms about lingering high inflation, suggesting that rate hikes are still on the table if the economy doesn’t cool down. His recent remarks hinted at an unstable economic outlook, where the current measures might be insufficient to curb escalating inflation. Despite some suggestions of maintaining steady rates in the near future, the persistent threat of “meaningful tightening” looms large. Powell’s warnings, coupled with concerns voiced by other Fed officials, paint a bleak picture of potential economic pitfalls ahead.