Fed will Stop Rate Hikes if Economy Slows

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000620-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.

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