Current location:International Infusion news portal > health
Fed's Powell: Elevated inflation will likely delay rate cuts this year
International Infusion news portal2024-05-21 07:31:53【health】2People have gathered around
IntroductionWASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated i
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates.
“Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion at the Wilson Center.
“If higher inflation does persist,” he said, “we can maintain the current level of (interest rates) for as long as needed.”
The Fed chair’s comments suggested that without further evidence that inflation is falling, the central bank will likely carry out fewer than the three quarter-point reductions its officials had forecast during their most recent meeting in March.
Address of this article:http://elsalvador.brianlynch.org/content-29e299738.html
Very good!(5356)
Related articles
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- San Francisco finally opens its long
- Thailand warns Myanmar’s rivals against using its soil for harm: ministers — Radio Free Asia
- Man accused of firing a gun on a North Carolina university campus taken into custody
- Devout Christian doctor, 68, who punched dementia
- Taylor Swift's new track imgonnagetyouback sparks comparisons to Olivia Rodrigo song
- When can doctors provide emergency abortions in states with strict bans? Supreme Court to weigh in
- Tucker Carlson says there is 'no evidence' for Darwin's theory of evolution
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Alicia Silverstone shares snaps and videos from her rain
Popular articles
Recommended
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Smoke seen as ANA flight carrying about 200 people lands safely in northern Japan, public TV says
Ukrainian officials thank the US for its latest military aid to help stop Russia's onslaught
Nikola Jokic's brother appears to PUNCH a fan in the face after Nuggets' comeback win over Lakers
Candice Swanepoel stuns in a form
New Jersey is motivating telecommuters to appeal their New York tax bills
Alexa Chung puts on a leggy display in a sexy silk co
Indonesia declares Prabowo Subianto president
Links
- Faith Ringgold, pioneering Black quilt artist and author, dies at 93
- Beijing city enters downy catkin season
- HK youngsters in awe of nation's polar explorers
- Sri Lanka to join Regional Comprehensive Economic Partnership: president
- 2 dead, 3 missing as ship hits bridge in south China
- Reassurance, aspiration, hope
- China's logistics industry reports steady growth in 2023
- Specialty agricultural products drive rural development
- Innovative farming fuels efficiency for 'new farmers' in E China's Jiangxi
- Back to countryside, new trend amid China's rural revitalization drive