US EditionFed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
- Federal Reserve Chair Jerome Powell calls for vigilance in the fight against inflation, indicating that more interest rate increases may be necessary to bring inflation down to a comfortable level.
- Powell acknowledges that progress has been made in reducing inflation, but states that it remains too high for the Fed's liking. He emphasizes the need to hold policy at a restrictive level until inflation is moving sustainably towards the Fed's 2% goal.
- Powell cautions against both doing too little and doing too much, citing risks of allowing inflation to become entrenched or causing unnecessary harm to the economy.
130 Articles
130 Articles
Powell says economy's solid growth could require more Fed rate hikes
JACKSON HOLE, Wyoming (AP) — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Fed says economy, consumer spending still too hot, further rate hikes may be in the offing
Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange on Friday, Aug. 25, 2023, as Federal Reserve Chair Jerome Powell’s speech shows on a television screen. Stocks are holding on to gains after Powell said more rate hikes could be on the way to continue the Fed’s fight against inflation.Richard Drew, Associated Press At an annual conference of central bankers in Jackson Hole, Wyoming, Federal Reserve Chairman…
Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
By CHRISTOPHER RUGABER (AP Economics Writer) JACKSON HOLE, Wyoming (AP) — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep i…
Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
By CHRISTOPHER RUGABER (AP Economics Writer) JACKSON HOLE, Wyoming (AP) — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep i…
Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
By CHRISTOPHER RUGABER (AP Economics Writer) JACKSON HOLE, Wyoming (AP) — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep i…
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