Published 8 months ago

Fed 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.

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Times of India

Jerome Powell at Jackson Hole symposium: US Fed ready to hike interest rates to bring down inflation

The US Federal Reserve chairman Jerome Powell on Friday said that the central bank is prepared to raise interest rates higher -- and hold them there -- in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," AFP quoted him as saying.

8 months ago·India

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The Guardian

Fed chair warns US inflation battle not over and hints at further rate rises

Jay Powell tells symposium in Wyoming that inflation is still too high but that US central bank will ‘keep at it until the job is done’The Federal Reserve chair, Jerome Powell, used a closely watched speech on Friday to warn that the fight against inflation in the US is not over.Speaking at the Federal Reserve Bank of Kansas City’s annual gathering of central bankers in Jackson Hole, Wyoming, Powell said inflation was still too high and that int…

8 months ago·London, United Kingdom

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Associated Press News

Powell at Jackson Hole: Economy's solid growth could require additional Fed hikes to fight inflation

The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature

8 months ago·United States

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USA Today

Powell: Economy's strength may require more Fed hikes

8 months ago·United States

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abc News

Powell at Jackson Hole: Solid economy could require additional rate hikes from Fed to further slow inflation

8 months ago·United States

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CNN

Powell: More rate hikes are still on the table

Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday.

8 months ago·Atlanta, United States

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