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
US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
Inflation and hiring have been firmer than expected this year, weakening
Eight million Britons take statins to cut their cholesterol levels and protect them from a heart attack or stroke, and nine million are on drugs to reduce blood pressure.
US Will Not Accept Another "China Shock", Yellen Says By Dorothy Li of The Epoch Times China commonly floods global markets with cheap products, and the United States will not allow this to threaten U.S. jobs, Treasury Secretary Janet Yellen said on April 8 as she concluded a return visit to China. After Bejing’s acceptance into the World Trade Organization, massive quantities of low-priced products exported from China killed about 2 million jobs in the United States and led to...
Federal Reserve Chair Jerome Powell says recent data show a lack of further
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Residents of Ukraine’s second city tell of the impact of increasing Russian attacks targeting suburbs and power suppliesKharkiv is at risk of becoming “a second Aleppo” unless US politicians vote for fresh military aid to help Ukraine obtain the air defences needed to prevent long-range Russian attacks, the city’s mayor has warned.Ihor Terekhov said Russia had switched tactics to try to destroy the city’s power supply and terrorise its 1.3 million residents by firing into residential areas, with...
CNBC's Jim Cramer on Thursday said Wall Street should be less jaded and trust market-moving leaders.
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
Danny Willett shot an opening round of 68 to go four under-par at the Masters. On Monday, it was uncertain if he would play after having undergone surgery. But the Englishman rolled back the years and reminded us of his 2016 triumph