Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his ...
US central bankers, including Powell, have expressed disappointment at the lack of inflation progress in the first quarter.
Economists are divided over whether the inflation figures reflect a re-acceleration in cost growth or are echoes of the pandemic. WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday ...
Fed's Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its ...
Federal Reserve Chair Jerome Powell said the US central bank must be patient and wait for evidence that inflation continues to cool, doubling down on the need to keep borrowing costs elevated for ...
But with price pressures still elevated, Powell and other Fed officials have signaled that no rate cut is likely anytime soon. Powell spoke hours after a report on U.S. producer prices showed that ...
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and he underscored his ...