Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes
"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.
"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.
Americans grew more worried about inflation in the October, with fears emanating primarily from an expected burst in gasoline prices.
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.
The third-quarter contraction was less than the -0.5% expected by analysts.
Federal Reserve officials welcomed Thursday's inflation news but cautioned against getting too excited by the data.
The consumer price index was expected to rise 0.6% from September to October and 7.9% from a year ago, according to Dow Jones estimates.
The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.
Having "a lot of security, military, defense alliances" could make the world more dangerous, the president of the Center for China and Globalization said.
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.