the process of getting inflation down to 2% has a long way to go and is likely to be bumpy,” Powell said in prepared opening remarks, adding that the increases in interest rates are “likely to ...

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, ...

Federal Reserve Chairman Jerome Powell on Tuesday delivered new warnings about inflation and the debt limit. In semiannual testimony before the Senate Banking Committee, Powell signaled that sharper ...

Federal Reserve Chair Jerome Powell walked back some of the optimistic comments about declining inflation he had made after ...

Getting inflation back down to the 2% goal is likely to be "bumpy" and the process still has "a long way to go," Powell said. "We will continue to make our decisions meeting by meeting, taking into ...

Powell said, “the process of getting inflation back down to 2 percent has a long way to go and is likely to be bumpy”. Powell will testify again on Wednesday before the House of ...

While allowing that unseasonably warm weather in January might be responsible for the higher-than-expected inflation figures, Powell said the "process" of returning inflation to the Fed's target of 2% ...

the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told senators. Over the last year, the central bank has raised interest rates eight times ...