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3 days ago · May 14, 2024. Jerome H. Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation ...
3 days ago · Most Fed officials share Powell’s concerns that inflation could prove to be more persistent than anticipated, making it more challenging to achieve the central bank’s 2% target. He’s far ...
3 days ago · Federal Reserve Chair Jerome Powell on Tuesday gave a bullish assessment of where the U.S. economy stands now, with an outlook for continued above-trend growth and confidence in falling inflation ...
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3 days ago · Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period. “We did not expect this to be a ...
1 day ago · Powell said policy is weighing on the labor market and interest-rate-sensitive spending, and said the Fed's "policy is the highest it's been in quite some time." Job growth has moderated.
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- Ayelet Sheffey,Madison Hoff
3 days ago · The annualised rate rose 2.2 per cent, up from March’s downwardly revised reading of 1.8 per cent, to reach the highest level since April 2023. Powell said the PPI data was “mixed ...
2 hours ago · May 17, 2024 at 8:59 AM PDT. Listen. 0:44. Federal Reserve Chair Jerome Powell tested positive for Covid-19 late Thursday, a Fed spokesperson said in a statement. “Chair Powell tested positive ...