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Fed's Powell: 75 basis point rate hike not being 'actively considered'

Published 05/04/2022, 03:00 PM
Updated 05/04/2022, 03:09 PM
© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS

(Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not "actively" considering a rate hike of three-quarters of a percentage point at coming monetary policy meetings.

"A 75 basis point increase is not something that the committee is actively considering," Powell said in response to a question at a press conference following the Fed's latest meeting, at which it decided to lift rates by half a percentage point and signaled more increases are coming.

Interest rate futures markets had been assigning a significant probability to the Fed lifting rates by three quarters of a point at its next meeting in June.

Latest comments

He should be fired but you can't because he is working for the Big Banks not you which is why they are burning your money to keep this ********show goings
I'd hate to be short after that comment.
tomorrow they will have another reason to sell. guess u are not new to this.
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