Jerome Powell Expects Prolonged Rate Hold as Inflation Eases Slowly Federal Reserve Chair Jerome Powell stated that inflation is decreasing more slowly than anticipated, necessitating that interest rates remain steady for an extended period. Speaking in Amsterdam, Powell acknowledged the unexpected persistence of inflation and emphasized the need for patience with current restrictive policies, while ruling out further rate hikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Global Central Banks Begin Slow Shift to Rate Cuts Amid Varying Economic Conditions READ MORE Economists Predict Fed to Slash Rates Twice This Year, Reuters Survey Shows READ MORE Gold Market Holds Breath: Powell Speech and Payrolls Report in Focus READ MORE Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge READ MORE Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone READ MORE Add a Comment Cancel replyYour email address will not be published.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