The Fed should soon “slow down” the rate of rate increases

(Washington) The American central bank, the Fed, should soon slow the pace at which it raises its key rate, the main tool in the fight against inflation, its vice president Lael Brainard said on Monday, stressing however that the institution must not not stop these increases yet.

“I think it will soon be appropriate to move towards a slower pace” of rate hikes, Lael Brainard said in an interview with Bloomberg. However, according to her, there is still no question of stopping the hikes in its key rate: “we still have work to do on the rate hikes”.