Fed chairman defends gradual pace of rate hikes


Yields on U.S. Treasuries jumped on October 3, lifted by data showing strength in the U.S. job market and service sector.

About half of the Fed's policymakers used public appearances on October 3 to show an increasingly unified view that the US economy was not headed for any obvious potholes.

"The practical way we can navigate between moving too fast and moving too slow is to move gradually", Powell said Wednesday at an event in Washington hosted by The Atlantic magazine and the Aspen Institute. The Fed also signaled that it planned to raise rates one more time this year and boost them three more times in 2019.

"Nobody wants a central banker who sleeps well". Mr. Powell said that it is extremely vital to be attentive to evolvement overseas and in materializing markets.

Powell said that if the economy seemed to be getting stronger with inflation moving up, "then we might move a little quicker" than now expected in hiking rates.

The 10-year Treasury earlier reached its highest level since 2011. Are interest rates too high?

"The fact that interest rates moved on one day is not a concerning thing".

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Mientras que la ex miss Universo Lupita Jones señaló que lo respeta por ser parte de la empresa, pero no lo comparte. "No considero tener nada en común con un transgénero ".

The peso closed at a new 13-year low against the USA dollar Thursday after the Federal Reserve indicated more rate hikes are coming, a statement that bolstered the value of the greenback.

"Interest rates are still accommodative, but we're gradually moving to a place where they'll be neutral - not that they'll be restraining the economy", he said.

Cleveland Fed chief Loretta Mester said she supported a gradual pace of hiking, though the speed will depend on inflation and employment levels.

Despite the confidence, some policymakers did point to potential risks on the horizon.

Equity markets tumbled amid mounting worries about U.S. Eventually, he said, the economy might face shocks such as a "political crisis" or an abrupt and hard exit by Britain from the European Union.

At a separate event on October 2, Powell outlined how the Fed might avoid the twin traps of an inflation overshoot and unnecessarily halting the expansion. Security Bank Corp. said in its daily report it was "expecting market to trade with a higher bias on broad U.S. dollar strength.due to better than expected USA data.and hawkish comments from Powell".