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Powell said the Fed just wants “a little more confidence” inflation is trending steadily lower before pulling the trigger. The Fed benchmark short-term interest rate now stands at 5.25% to 5.5%.
Powell said that while the current level of the U.S. debt—around 120% today—isn’t a cause for concern, the federal deficit isn’t sustainable. That’s on track to exceed 6% of GDP this year.
Director of the National Economic Council Kevin Hassett told "Special Report" host Bret Baier he has "high confidence" ...
The central bank expects to see continued, but bumpy, progress on bringing inflation back to its 2% target, he said. Near-term measures of inflation expectations have moved higher, with tariffs as ...
Powell stressed the importance of the Fed’s credibility, pointing to consumers’ inflation expectations as a measure of that. He said that Americans expecting inflation to moderate further is ...
Jerome Powell said Thursday (Friday AEDT) that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of ...
Chair Jay Powell pushed the issue of rising prices back into the spotlight this month when he warned that progress on inflation had been more “bumpy” than expected.
Why Powell's inflation comments sparked stock market sell-off 02:51. Federal Reserve Chair Jerome Powell on Wednesday cautioned that the central bank could face a "challenging scenario" of ...
In his assessment, Powell also spoke in mostly positive terms about the macro environment, saying the U.S. is in "a good place" with a "solid labor market" and inflation moving back to target.
The stock market slipped again on Thursday after Wall Street dialed back rate-cut expectations in the wake of the latest inflation data and comments from Fed Chair Jerome Powell. The Dow Jones ...
Powell last month indicated the Fed would wait to make any policy changes after some inflation reports came in hotter than expected, dimming hopes for rate cuts. REUTERS However, he also ...
Speaking at the annual conference of the Society for Advancing Business Editing and Writing in Arlington, VA, on Friday, Powell said Trump's tariff increases were "significantly larger than ...