Answering a question of the New York Times journalist, Federal Reserve Board Chairman Jerome Powell named on Wednesday what parameters would the Fed monitor so as to decide when to lower its interest rate hikes after the organization previously ordered another, third in a row, 75 basis points interest rate hike today.
Powell said the Fed's team would wait for ''the growth to continue running below trend, the labor market showing a return to a better balance between supply and demand,'' while also paying attention to inflation levels, meaning it would require to see evidence it is going down to 2%.
He also stressed his message has not changed since the Jackson Hole committee this year, reiterating Fed's determination to reach its inflation 2% target level.
