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Fed policymakers hint at pausing rate-hike cycle ahead of policy meeting

This follows a wait-and-see approach laid out earlier this month by several other Fed policymakers, making clear that a consensus has emerged among the 17 Fed officials who will meet on Jan. 29-30

Reuters  |  Somerset 

"Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while. Fed Chair Jerome Powell first used the word "patient" to describe his approach to monetary policy early this month, in words that soothed financial markets after months of volatility. This week seven other policymakers followed Powell in embracing a "patient" approach or otherwise signalling an inclination to ...

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First Published: Sat, January 19 2019. 05:50 IST