Those policies have worked all too well in recent months to slow the economy.
Higher rates, in turn, discourage investment and slow the economy.
That would slow consumer spending and, with it, the economy.
Many economists fear that another big increase could slow the economy too much.
The higher rates have clearly helped to slow the economy.
Together, the data indicated that the five interest rate increases over the last 10 months had done little to slow the economy.
This will slow consumer spending and the economy in general.
However, Fed officials did not raise interest rates to slow the economy.
The eventual result, he said, would be to increase interest rates and slow the economy.
And current interest rate levels are not high enough to slow the economy.