Powell Says Fed Will ‘Proceed Carefully’ on Any Further Rate Rises
Headline from Wall Street Journal
Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now.
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Federal Reserve Chair Jerome Powell cautioned that past interest-rate increases had yet to fully slow the economy, an argument for holding rates steady for now.
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Federal Reserve Chair Jerome Powell raised the possibility of interest rate hikes in prepared remarks Friday as inflation remains above the Fed’s target rate. Powell hinted […]
Federal Reserve Chair Jerome Powell warned that inflation remains "too high" during his keynote address at the annual central bank meeting in Jackson Hole.
The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, Federal Reserve chair Jerome Powell said on Friday in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.
Federal Chair Jerome Powell called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.
Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the Fed’s 2% target.
When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected.
Federal Reserve Chairman Jerome Powell on Friday warned more interest rate hikes are possible but added the central bank will “proceed carefully” when deciding its next steps.
Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures
If you were looking to Federal Reserve Chair Jerome Powell for clues about whether the Fed will raise rates again at future meetings, his most recent speech probably left you in the dark.
JACKSON HOLE, Wyoming >> 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.
