Federal Reserve Chair Jerome Powell said the labor market’s surprising strength means it could take “a significant period of time” to lower inflation
Central bank officials have been looking for a growth slowdown to gain confidence inflation will keep falling
Federal Reserve Chairman Jerome Powell discussed the central bank’s latest interest-rate increase on Wednesday. Mr. Powell said more increases will likely be needed as the Fed continues its push to restrain inflation. Photo: Kevin Dietsch/Getty ImagesFederal Reserve Chair Jerome Powell said the labor market’s surprising strength underscores why the central bank thinks it could take time to bring inflation down.
“It kind of shows you why we think this will be a process that takes a significant period of time,” Mr. Powell said during a moderated discussion before the Economic Club of Washington on Tuesday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed’s Jerome Powell to Address Economic Outlook, With Hiring Surge in SpotlightPlanned comments from Federal Reserve Chairman Jerome Powell on Tuesday could offer signs about the coming path for interest rates
Leer más »
LIVE: Federal Reserve Chair Jerome Powell delivers remarks on US economyJerome Powell, chair of the Board of Governors of the Federal Reserve System, is set to discuss the current state of the U.S. economy at 12:30 p.m. Tuesday.
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 »
Health care deals with feds likely to have conditions, says policy expertCanadian premiers are more likely to get a conditional health care funding offer from the feds this week, rather than a no\u002Dstrings boost of cash.
Leer más »
Fed's Powell says blowout jobs report shows inflation fight has a ways to goAdditional interest rate hikes are on the table in coming months as inflation still remains too high, according to Federal Reserve Chairman Jerome Powell.
Leer más »
Stock futures slide to start week with more earnings and a Powell speech aheadU.S. stock futures were lower to start trading as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell.
Leer más »