US EditionFed's Powell: Elevated inflation will likely delay rate cuts this year
- Federal Reserve chair Jerome Powell warned that persistent high inflation may delay Fed interest rate cuts, potentially leading to higher rates for a longer period.
- Powell stated that recent data indicate a longer timeframe than expected to control inflation, expressing the need for confidence before rate adjustments.
- If inflation persists, Powell suggested keeping interest rates at the current level for as long as necessary to address the issue.
70 Articles
70 Articles
Fed: Inflation likely to delay rate cuts this year
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay Fed interest rate cuts until later this year, opening the door to a longer period of higher rates.
Channel News Asia
InquirerUS Fed's Powell says inflation fight may take 'longer than expected'
WASHINGTON: The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said on Tuesday (Apr 17), further paring back the chances of early rate cuts. The Fed has been battling rising prices with interest rate hikes since 2022, lifting its key
Lowering inflation will be a longer battle than expected, admitted the President of the Federal Reserve (FED), Jerome Powell, on Thursday, reducing the chances of a next interest rate cut.
Powell says rate cuts will take ‘longer than expected’ after ‘lack of progress’ on inflation
Federal Reserve Chair Jerome Powell said Tuesday that it will likely “take longer than expected” for the central bank to gain the confidence that inflation is sustainably falling to 2 percent and begin cutting interest rates. “More recent data show solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 percent inflation goal,” Powell said during remarks at the Washington…
Associated Press News
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned 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
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