Fed's Powell downplays potential for a rate hike despite higher price pressures
Related Articles
-
Inflation pressures ease in April as consumer prices rise at slowest pace in three months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
-
Fed’s Powell Downplays Potential For A Rate Hike Despite Higher Price Pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, during a panel discussion in Amsterdam, said his confidence that inflation will ease “is […]
-
New economic woes for Joe: President repeats false claim inflation was 9% when he took office while fed chair admits inflation still 'higher than anybody expected' AND interest rates remain at 23-year peak
Powell said inflation was higher than 'anyone' expected ahead of new report. Biden makes false claim that inflation was 9 percent when he took office. READ MORE: