Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the
Federal Reserve Chair Jerome Powell says recent data show a lack of further
The soft landing is still on because spikes in inflation were a blip and the job market isn’t seeing many layoffs, Goldman’s chief economist says.
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
"Not surprisingly, perhaps, it appears that the tighter the regulatory environment, the costlier the housing market, broadly speaking."
“I do not feel safe on the road.” This is the answer that 82.4% of residents who ride bikes told the Department of Transporation Services’ Bicycling on Oahu Survey.
Why is pace of bookings behind those for Democratic convention in Chicago?
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
Alec Baldwin had ‘absolutely no control over emotions’ on the set of ‘Rust,’ prosecutors argue in a new filing towards his felony manslaughter charge, and ‘absolutely no concern for how his conduct affects those around him.’
After months of anticipation, fight week has arrived for Hawaii's Max Holloway, the former featherweight champion. Holloway is set to face Justin Gaethje at UFC 300 in Las Vegas on Saturday for the prestigious BMF title at 155 pounds. This dream showdown of legendary strikers is eagerly awaited by fans and fighters alike. According to []
Public filing alleges actor, charged with involuntary manslaughter, ‘shamelessly lied’ about the deadly shooting of cinematographerNew Mexico state prosecutors plan to argue that Alec Baldwin was unable to control his emotions on the set of the film Rust, where cinematographer Halyna Hutchins was killed when a gun held by the actor went off – and that he “shamelessly lied” and changed his story about the deadly shooting.The 66-year-old actor is due to go on trial in July on a charge of...