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Powell says we see some signs of slowing economic activity

[뉴욕=이데일리 김정남 특파원] Federal Reserve Chairman Jerome Powell said on the 27th (local time) that “we are seeing signs that some necessary economic activity is slowing.”

Chairman Powell said at a press conference shortly after the decision to raise the key interest rate by 75 basis points (1 bp = 0.01 percentage point) to 2.25 to 2.50 percent at the regular meeting of the Federal Open Market Committee (FOMC) held for two days until the same day.

Powell also hinted that the pace of rate hikes could be slowed down in the future, suggesting the possibility of adjusting the pace of tightening amid concerns about a hard landing.

Federal Reserve Chairman Jerome Powell speaks during a press conference after the Federal Open Market Committee (FOMC) regular meeting on July 27, 2019. (Source = CNBC)