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 India's Gold Demand Climbs 8% in Q4 Despite High Prices, WGC Reports READ MORE China's Gold Market: ETF Inflows Surge Despite Weak Wholesale Demand in June READ MORE LBMA Releases Precious Metals Market Report: Q4 2023 READ MORE GoldSilver Infographic: History of Money and Currency in the USA READ MORE MAS Singapore Gold Vault READ MORE Add a Comment Cancel replyYour email address will not be published.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