Powell: Elevated Inflation Will Likely Delay Rate Cuts
“If higher inflation does persist,” he said, “we can maintain the current level of [interest rates] for as long as needed.”
Powell Still Sees Room for Rate Cuts in 2024
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
In Interview, Powell Confirms Three Rate Cuts Likely
The Fed chair also reiterated that the central bank’s next meeting in March was likely too soon for a rate cut. Most economists think the first cut is likely to come in May or June.
Fed’s Powell Tries to Tamp Down on Rate-Cut Hype
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said in a speech Friday.
In Speech, Powell Reinforces Fed’s Cautious Approach
Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.
Powell: Slower Economic Growth May Be Needed to Conquer Inflation
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.
Powell at Jackson Hole: Economy Could Require More Fed Hikes
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.
Will Fed Keep Rates Higher, Longer? Powell Speech Could Give Hints
On Friday, Fed Chair Jerome Powell’s keynote speech at this year’s Jackson Hole conference will be scrutinized for any hints that the Fed intends to keep borrowing rates high for a prolonged period.
Fed May Tighten Regulation After Bank Failures, Powell Says
Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring.
Fed’s Powell Tells Congress More Rate Hikes Likely This Year
With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday.
Powell Says ‘No Decision’ on Fed’s Next Rate Move
Federal Reserve Chairman Jerome Powell appeared to be trying to quell any assumption that the Fed has already decided to raise rates more aggressively based on a recent string of data that pointed to strong economic growth and still-high inflation.
Fed Urges Crypto Caution for Banks
While the biggest news to come out of Fed Chair Jerome Powell’s regular testimony before Congress was his willingness to make aggressive interest rate hikes to cool the economy, he also revealed that the central bank is worried about American financial institutions’ work in the crypto space.
Powell: Bigger Rate Hikes Coming If Economy Stays Strong
The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell said Tuesday in prepared testimony to a Senate panel.
Fed Raises Rates by Quarter-Point, More Hikes to Come
The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.
Powell: Fed to Keep Rates Higher for Longer to Cut Inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, and economic data reported Thursday suggests the Fed will have little reason to pull back soon.
Powell: Higher Rates Unlikely to Cause Deep Recession
The last time the Federal Reserve faced inflation this high, in the early 1980s, it jacked up interest rates to double-digit levels – and in the process caused a deep recession. Fed Chair Jerome Powell doesn’t think that will be necessary this time.
Powell: Fed Could Keep Lifting Rates Sharply ‘for Some Time’
Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is resolutely focused on taming the highest inflation in four decades.
Fed’s Powell: Russia’s War on Ukraine Will Worsen Inflation
Federal Reserve Chair Jerome Powell warned Thursday that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.
Powell Expects Quarter-Point Rate Hike this Month
Fed Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate, but opened the door to a bigger hike in the event that inflation doesn’t noticeably decline this year.
Powell Tells Congress Fed Will Raise Rates this Month
Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation.
