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 Warm Winter Weather Dips Oil Prices Despite OPEC+ Cut Extension READ MORE Mortgage Rates Hit 16-Month Low as Fed Signals Rate Cuts READ MORE Gold Soars to Record Heights: What's Driving the Precious Metal's Rally? READ MORE China's Commodity Hoarding: Implications for Global Markets and Security READ MORE SNAP Benefits Shows 1 in 8 Americans are on Food Stamps READ MORE Add a Comment Cancel replyYour email address will not be published.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