Fed Chairman Jerome Powell has apparently ruled out more aggressive rate hikes in the future following a 50 basis point increase Wednesday, saying at a press conference that anything higher than that is "not something we're actively considering."
"A 75-basis-point increase is not something we're actively considering," Powell said at the presser, as reported by CNBC. "I would say I think we have a good chance to have a soft or softish landing, or outcome if you will."
Speculation abounded after the last Fed meeting as to whether rates would tick up by more than 25 basis points. A review of the March meeting minutes also suggested decreasing the Fed balance sheet by up to a proposed limit of $95 billion per month through the natural maturation of Treasuries and mortgage-backed securities.
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