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Fed policymakers signal turning point on U.S. rate-hike path

Reuters  |  WASHINGTON/INDIANAPOLIS 

By Michelle Price and Howard SchneiderWASHINGTON/INDIANAPOLIS (Reuters) - The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead.Speaking at an event in Washington, Federal Reserve governor Lael Brainard said the economic picture was broadly positive but that risks were growing overseas and in the corporate debt markets at home. Tailwinds, she said, are fading as global growth slows, financial conditions tighten, and the boost from fiscal ...

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First Published: Sat, December 08 2018. 12:31 IST
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