Published Date Nov 01, 2023

Powell said in remarks in front of the Economic Club of New York on Oct. 20 that he believed some of the impact of the Fed’s 11 previous interest-rate hikes likely has yet to be felt.

“Given the fast pace of the tightening," he said, "there may still be meaningful tightening in the pipeline."

READ MORE: Jerome Powell Keeps Door Open for More Increases if Needed

By Caroline Gaudette

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