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 Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns READ MORE Turkish Central Bank Fortifies Reserves: July Sees 3.5% Boost to $147.9 Billion READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies Predictions READ MORE FTX Alum Buys Titanic's Gold Watch for Record $1.5 Million READ MORE What is a Troy Ounce? READ MORE Add a Comment Cancel replyYour email address will not be published.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