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
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
Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.
WASHINGTON >> Federal Reserve Chair Jerome Powell cautioned today that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
Prices are up nearly 19% across the board since President Joe Biden entered office, meaning households are suffering sticker shock even if the inflation rate has moderated in recent months. Inflation, as tracked by the consumer price index, rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday. Overall, […]
Argentina's govt (and a bot) say inflation easing. Shoppers aren't so sure (First column, 11th story, link)