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 Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE Global Equity Slump Forces Gold Selloff, Prices Drop Below $2,425 READ MORE Analysts Predict Gold to Continue Climbing After Record Highs READ MORE Japan's Gold Market Transformation: From Major Importer to Net Exporter READ MORE Add a Comment Cancel replyYour email address will not be published.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