Powell sees an economy with 'more volatile' inflation
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The Fed's warning echoes that of analysts who say U.S. companies could face inventory shortfalls as a result of tariff-induced supply chain issues.
The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that "the risks of higher unemployment and higher inflation have risen." The central ...
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Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.
More than a dozen Milwaukee and Wisconsin business leaders and observers were asked: What would you tell Fed Chairman Powell if you had the chance?
The US Fed decided to keep the key benchmark interest rates unchanged at the range of 4.25% to 4.5% on Wednesday, May 7. Chairman Jerome Powell reiterated his stance of ‘no hurry to cut rates’ as the Fed plans to analyse economy ahead of a potential rate cut.
At a post-meeting press conference on May 7, Federal Reserve Chair Jerome Powell reiterated the Fed's wait-and-see approach to cutting rates, saying, "The data may move quickly or slowly ...
Federal Reserve Chairman Jerome Powell on Wednesday pushed back on political ... doing our job at all" and that "I've never asked for a meeting with any president, and I never will."
Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,
Markets face a pivotal week with the FOMC decision, Powell’s remarks, key earnings, and trade signals in focus.
Fed officials are meeting to discuss interest rates amid the seismic shift in the global economy from President Donald Trump’s tariffs.