Your current location:HOME >style >Fed's Powell: Elevated inflation will likely delay rate cuts this year 正文
TIME:2024-05-21 16:34:19 Source: Internet compilationEdit:style
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated i
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates.
“Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion at the Wilson Center.
“If higher inflation does persist,” he said, “we can maintain the current level of (interest rates) for as long as needed.”
The Fed chair’s comments suggested that without further evidence that inflation is falling, the central bank will likely carry out fewer than the three quarter-point reductions its officials had forecast during their most recent meeting in March.
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers2024-05-21 16:12
Turkey halts all trade with Israel over military actions in Gaza2024-05-21 15:40
I'm a flight attendant2024-05-21 15:11
Britain braces for rush hour thunderstorm chaos: Met Office issues 122024-05-21 15:02
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad2024-05-21 14:46
Britney Spears reaches divorce settlement with estranged husband Sam Asghari2024-05-21 14:45
Three signs Princess Charlotte's birthday portrait, taken by Kate Middleton, was not retouched2024-05-21 14:40
From your alarm clock and mattress to your microwave and fridge2024-05-21 14:23
The unstoppable duo of Emma Stone and Yorgos Lanthimos2024-05-21 14:05
China's manufacturing PMI down in April2024-05-21 14:00
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad2024-05-21 16:24
China's manufacturing PMI down in April2024-05-21 16:05
M23 rebels seize key smartphone mineral mining town in eastern Congo2024-05-21 16:03
China's new energy competitiveness honed through genuine expertise2024-05-21 15:48
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed2024-05-21 15:39
Mexican cops find tents, question people in the case of 2 Australians, 1 American missing in Baja2024-05-21 15:20
NCPA's annual chamber music festival to kick off2024-05-21 15:04
Marlins slip past Rockies 52024-05-21 14:46
Kevin Pillar gets 1,000th career hit in Angels' win at Texas2024-05-21 13:59
Death toll from heavy rains in southern Brazil jumps to 29, with 60 more still mising2024-05-21 13:49