Powell Signals No Rate Hike Despite Persistent Inflation Federal Reserve Chair Jerome Powell indicated that the central bank is unlikely to raise interest rates despite persistent inflation, expressing cautious optimism that price pressures will soon ease. Speaking in Amsterdam, Powell emphasized the preference for maintaining the current rate rather than increasing it, though he acknowledged that his confidence in inflation cooling has diminished. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts LBMA and WGC Push for Gold's Upgrade to HQLA Status Under Basel III READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE Gold Prices Climb as Markets Anticipate Federal Reserve Rate Cuts READ MORE Moderate U.S. Inflation Rise Suggests Fed Could Keep Rates Steady Until Fall READ MORE Silver: "It's Time To BUCKLE UP" READ MORE Add a Comment Cancel replyYour email address will not be published.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