Fed’s Powell Says Inflation Progress Has Stalled, Rate Cuts Won’t Come as Quickly as Expected
Drudge Report - 2024-04-16T05:30:00.000Z

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Fed’s Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Recent data have clearly not given us greater confidence” that inflation is coming fully under control and "instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion. “If higher inflation does persist,” he said, “we can...
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Israel-Iran conflict will add to Fed’s caution on rate cuts as oil prices may disrupt inflation fight—but China and OPEC+ could ease pressure, Capital Economics says
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."
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- 2024-04-14T17:28:17.000Z
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
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In related news

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Israel-Iran conflict will add to Fed’s caution on rate cuts as oil prices may disrupt inflation fight—but China and OPEC+ could ease pressure, Capital Economics says

Fed Chair Powell says there has been a 'lack of further progress' this year on inflation