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Key Takeaways Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates.
Federal Reserve chair Jerome Powell said he is not focused on the possibility that former President Trump might be re-elected and could chip away at the central bank's political independence. Why it matters: When Trump was in office,
"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum in Sintra, Portugal.
Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would
Shares of banks and other financial institutions rose after dovish comments from the Federal Reserve chairman. Chair Jerome Powell said he was pleased with how inflation had resumed a downtrend following a rebound at the start of the year,
Federal Reserve Chair Jerome Powell's remarks Tuesday underscored a sense of cautious optimism at the central bank. He alternately said the economy had made “significant progress,” “real progress” and “quite a bit of progress” toward cooler inflation with stable growth.
Recent inflation data does suggest a disinflationary trend in the U.S. economy, but more evidence is needed before policymakers can
The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.
La inflación en Estados Unidos se está desacelerando de nuevo después de mediciones más altas a principios de este año, dijo el martes el presidente de la Reserva Federal, Jerome Powell, al tiempo que
Federal Reserve Chair Jerome Powell said Tuesday the central bank needs to see better inflation readings before cutting interest rates and stimulating the economy despite “quite a bit of progress” toward price stability.
Federal Reserve Chairman Jerome Powell said Tuesday that annual inflation might not return to the Fed’s goal of 2% until late next year or 2026. The missive came during a moderated conversation with Powell alongside European Central Bank President Christine Lagarde and Banco Central do Brasil Governor Roberto Campos Neto on the sidelines of the
Federal Reserve Chair Jerome Powell said on Tuesday that he didn’t anticipate inflation returning to its 2% target before the end of next year at the earliest — and would not commit to cutting interest rates this year.
Treasury yield continues to trade in a tight range, ending yesterday’s session (June 2) at 4.75%. Click to read.
U.S. Fed chair Jerome Powell on Tuesday acknowledged "remarkable" progress in bringing down inflation. Read more here.