Powell Signals Delay in Rate Cuts Amid Ongoing Inflation Concerns Federal Reserve Chair Jerome Powell has indicated that due to persistently high inflation, anticipated interest rate cuts might be postponed to later this year, potentially maintaining higher rates for an extended period. Speaking at the Wilson Center, Powell expressed concerns that recent data do not confirm inflation is under control and hinted it may take longer than previously expected to stabilize. He emphasized that if high inflation continues, the Fed is prepared to keep interest rates elevated as necessary. This stance suggests that the Fed might implement fewer rate reductions than the three quarter-point cuts previously forecasted in March. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts India's Central Bank Makes Largest Gold Purchase in Two Years, Boosting Reserves READ MORE Tech Stocks Lead $1 Trillion Wipeout Amid Global Market Meltdown READ MORE Fed's Mester Awaits Further Inflation Drops Before Lowering Rates READ MORE Oil Prices Waver Amid Red Sea Shipping Risks and Geopolitical Tensions READ MORE Samsung: 2024 Key Commodity Market Outlook READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment