Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation. By Jeanna Smialek Jerome H. Powell, the Federal ...
Federal Reserve Chair Jerome Powell said inflation readings have come in above expectations and the central bank may have to leave interest rates elevated longer than expected. Photo: Al Drago ...
Echoing earlier comments, Fed Chair Jerome Powell suggests rather than increasing rates, a next move might be to maintain the current rate. Despite progress in reducing inflation, Powell notes the ...
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms. Powell tested ...
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 ...
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
The Fed Chair also highlighted the significant ... PPI “Mixed” Despite the strong labor market, Powell acknowledged the path to lowering inflation was not smooth.
The report from the Commerce Department also showed tepid consumer spending, a wrinkle that could help the Fed’s inflation ...
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months and pushed back on the expectation of some economists that the next move by the central bank ...
Federal Reserve Chair Jerome Powell admitted Tuesday inflation was falling more slowly than expected after a key gauge exceeded analysts’ estimates. The Producer Price Index (PPI), which ...
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook. Federal Reserve Chair Jerome Powell affirmed the ...
The Fed Chair also highlighted the significant ... Despite the strong labor market, Powell acknowledged the path to lowering inflation was not smooth. “We had higher readings in the first ...