Fed will Stop Rate Hikes if Economy Slows

By Alister Bull, Reuters

The Federal Reserve would have to see accumulated evidence that the U.S. economy was “really slowing down” and inflation pressures easing to end its monetary tightening campaign, a top Fed official said on Thursday.

St Louis Fed President William Poole played down the soft fourth-quarter economic growth, which he said was due to a variety of special factors that should prove temporary.

For this complete story, please visit Fed will Stop Rate Hikes if Economy Slows.