Federal Reserve's Hawkish Pause Explained Amidst Caution and Forecasts.
TL;DR Summary
Federal Reserve Chairman Jay Powell faced skepticism from economists as he struggled to explain the central bank's "hawkish pause" on interest rate hikes. Powell cited concerns over global economic growth and muted inflation as reasons for the pause, but some economists questioned the Fed's decision to raise rates four times in 2018 and expressed doubts about the effectiveness of the central bank's communication strategy.
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- Text of the policy statement the Federal Reserve released Wednesday Federal News Network
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