Powell says Fed will likely cut rates ... - Associated Press News
9 hours ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent ...
9 hours ago · Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the ...
Fed Chair Powell Welcomes Cooling Inflation - The New York Times
Jul 9, 2024 · Jerome H. Powell, the chair of the Federal Reserve, indicated on Tuesday that recent inflation data had given the central bank more confidence that price increases were returning to normal,...
Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates
9 hours ago · Mr. Powell also faced several questions about the recent election of Donald J. Trump, in part because Mr. Trump has proposed policies that could stoke growth and inflation. Mr. Powell said “it ...
Jay Powell says Federal Reserve in no ‘hurry’ to lower interest …
9 hours ago · Jay Powell backed a gradual approach to lowering interest rates, saying the US central bank does not need to be “in a hurry” amid a strong economy and a “bumpy” path down for inflation. In ...
Fed faces cooling job market and persistently high prices, Powell …
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates.
Fed’s Powell: Elevated inflation will likely ... - Associated Press News
Apr 16, 2024 · WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday 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.
Key takeaways from Fed Chair Powell’s testimony on Capitol Hill
Jul 9, 2024 · Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials still want to see more...
Fed's Powell says US on 'disinflationary path,' but more data …
SINTRA, Portugal, July 2 (Reuters) - The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data before cutting interest...
Powell indicates Fed won’t wait until inflation is down to 2
Jul 15, 2024 · Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell...