Powell Warns of Extended High Interest Rates in Face of Persistent Inflation Federal Reserve Chair Jerome Powell has moderated expectations for interest rate cuts, citing persistently firm inflation figures in the first quarter that have introduced uncertainty about the Fed’s ability to lower rates without economic deceleration. Powell highlighted a notable shift in the Fed’s stance after inflation readings consistently exceeded forecasts for three consecutive months, undermining earlier hopes for pre-emptive rate reductions. Despite previous optimism that a few more months of data could reaffirm their inflation targets, recent trends suggest a longer-than-anticipated timeframe to gain this confidence. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ECB Poised for June Rate Cut to Stay Ahead of Inflation Curve READ MORE Silver Outshines Gold with 22% Return, Supply Deficit Expected READ MORE Insider Alert: Mike’s Made a Change in His Portfolio READ MORE Chinese Central Bank kicks off New Round of Gold Accumulation READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE Add a Comment Cancel replyYour email address will not be published.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