-- Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting.“The question we’re asking is: Should we hike more?” Powell told reporters during a press briefing after the decision. “Slowing down is giving us, I think, a better sense of how much more we need to do, if we need to do more.
“The Fed is basically saying: We don’t think we will have to do much more from here,” said Bill Dudley, a Bloomberg Opinion contributor and former New York Fed chief. Powell “feels very confident the Fed has done a lot.”“Both Fed Chair Jerome Powell and the FOMC policy statement sounded dovish overall, in our view.
Powell repeatedly said the committee was moving “carefully,” a wording that often has signaled a low likelihood of any immediate change in policy. He also said risks to the outlook have become more two-sided as the tightening campaign nears its end. Adam Kinzinger said onetime Trump chief of staff John Kelly 'could barely stay awake' during a White House breakfast and told GOP lawmakers he was 'barely holding it together' in the role
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