Vice Chair, Federal Reserve
Appears in 1 story
Signaled a pause at the October meeting without ruling out further hikes
Five years into the inflation fight, prices still run above the Fed's 2% target, and the central bank has reversed course to tighten. After cutting rates six times from September 2024 to December 2025, the FOMC voted unanimously on September 16 to raise its benchmark rate a quarter point to 3.75% to 4.00% — the first increase since 2023.
Updated Oct 3
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