Federal Reserve Chair Jerome Powell says recent data show a lack of further
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
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s […]
Federal Reserve Chair Jerome Powell cautioned 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
Federal Reserve Chair Jerome Powell cautioned 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. “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 longer than expected to achieve that confidence,” Powell said during a panel discussion. “If higher inflation does persist,” he said, “we can...
Members of Maryland's congressional delegation say they'll soon introduce a bill that'll make clear the federal government will fully cover the cost of rebuilding the collapsed Francis Scott Key Bridge
West Virginia will not face a clawback of $465 million in COVID-19 money from the federal government, alleviating concerns raised by state lawmakers during the legislative session in March
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
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
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."
By Blessings Mashaya and Brandon Josphat A BULLISH Reserve Bank of Zimbabwe (RBZ) governor, John Mushayavanhu, says the country’s new currency, the