Federal Reserve Chair Jerome Powell suggested on Tuesday that strong first-quarter inflation figures have prompted uncertainty regarding potential interest rate cuts beginning this summer. Powell stressed the necessity for additional data to bolster confidence in a rate cut, implying a longer timeframe than initially expected. Nevertheless, Powell reiterated the Fed’s preparedness to lower rates in response to a notable economic slowdown. Market reactions varied, with minor decreases in the S&P 500 and higher Treasury yields.
Fed Chair Powell Confirms ‘Higher for Longer’ as Strong Inflation Data Persists
Published on April 19, 2024
Recent News
Powell Speaks on Fed’s Interest Rate Stance
July 7, 2025
12 FHA Policies Rescinded by HUD
July 7, 2025
WSJ: Home Prices Fall Below Previous Purchasing Price
June 27, 2025