At the same time, Powell said the job market’s strength and the persistence of inflation pressures mean that the Fed will need to keep raising its benchmark interest rate this year.
showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year.
He did not specify how many additional rate hikes he envisioned. But at a news conference last week, Powell had suggested that he envisioned “a couple” more hikes in 2023. While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”. Speaking to reporters then, Powell noted that high inflation had begun to ease and said he believed the Fed could tame spiking prices without causing a deep recession involving waves of layoffs.and too-few workers in many industries leading employers to sharply raise wages, a trend that could help keep inflation high.
If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed Chair Powell sees 'significant' inflation drop in 2023WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline' in inflation this year.
Leer más »
Stock futures are flat as investors await Fed Chair Powell's speechInvestors will listen closely to Federal Reserve Chairman Jerome Powell's speech on Tuesday, searching for clues on what's next for monetary policy.
Leer más »
EUR/USD bulls struggle around mid-1.0700s, focus on ECB talks, Fed Chair PowellEUR/USD fades the early Asian session recovery by retreating from the daily top. Even so, the major currency pair clings to the first daily gains in f
Leer más »
Stock Market New Today: Investors brace for Fed Chair Powell's speechUS stocks slip as investors brace for Fed Chair Jerome Powell's speech
Leer más »
Fed chair Jerome Powell says slowing inflation will likely 'be bumpy'Federal Reserve chair Jerome Powell said that the stronger-than-expected jobs report shows that the process of bringing inflation down won't be smooth and will take 'quite a bit of time.'
Leer más »
Treasury yields mixed ahead of remarks by Fed's PowellTreasury yields are mixed as investors look await remarks by Federal Reserve Chair Jerome Powell
Leer más »