Photo detail

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington. ( Patrick Semansky/AP)

Donate Report a Typo Contact

Stories this photo appears in:

Tease photo

Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes "soon''— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time.

By PAUL WISEMAN Associated Press November 23, 2022