How Jay Powell and the Fed pivoted back to higher for longer
For months, Federal Reserve Chair Jay Powell offered assurances about rate cuts in 2024, arguing that hotter-than-expected inflation reports were all part of the "bumpy" road to the Fed’s goal. This ...
Fed Chair Powell ‘backed himself into a corner’ by predicting rate cuts this year and is now in a ‘tricky situation,’ according to this chief investment officer
Forget interest-rate cuts—private wealth manager Michael Landsberg argues the Fed may even be forced to raise rates this year ...
Powell still expects Fed to lower rates this year as inflation follows a 'bumpy' path down to 2%
Federal Reserve Chair Jay Powell doubled down on his belief that inflation was on a "bumpy" path down to 2% and that central ...
Jay Powell says US inflation ‘taking longer than expected’ to hit target
US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the ...
The New York Times17d
Fed Chair Awaits More Inflation Cooling as Path Proves ‘Bumpy’
Powell, the Federal Reserve chair ... He called reducing inflation a “sometimes bumpy path.” Fed officials face pressure from all sides as they contemplate their next move.
Fed's Powell says restrictive rates policy needs more time to work
Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any ...
PBS21d
Powell says the Federal Reserve wants to see ‘more good inflation readings’ before it can cut rates
Speaking at a conference at the Federal Reserve Bank of San Francisco, Powell said he still expected “inflation to come down on a sometimes bumpy path to 2 percent.” But the central bank’s ...
Yahoo Finance17d
Fed's Powell emphasizes need for data, inflation on 'bumpy path'
characterizing inflation's descent to the Fed's 2% target as traveling on a "sometimes bumpy path." Yahoo Finance Fed Reporter Jennifer Schonberger breaks down Powell's comments on recent ...
Fed holds off on rate cuts, sees inflation on ‘bumpy’ path to goal
A committee of Federal Reserve officials voted Wednesday to keep interest rates at a 22-year high after unexpectedly high job ...
AOL17d
Powell still expects Fed to lower rates this year as inflation follows a 'bumpy' path down to 2%
Federal Reserve Chair Jay Powell doubled down Wednesday on his belief that inflation was on a "bumpy" path down to 2% and that central bank officials expect to lower rates at "some point" this year.