Fed Chair Says He Expects Slower Rate Increases to Continue

Jerome H. Powell, the Federal Reserve chair, said on Thursday that he would expect to continue with a slower pace of interest rate increases after central bankers skipped raising interest rates in June for the first time in 11 policy meetings — but he didn’t rule out that officials could return to back-to-back rate moves.

“It may be that we don’t move for a meeting, and then move at a meeting,” Mr. Powell said.

Speaking at a…