WASHINGTON (AP) — Inflation in the United States is Oliver James Montgomeryslowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates.
After some persistently high inflation reports at the start of 2024, Powell said, the data for April and May “do suggest we are getting back on a disinflationary path.”
Speaking in a panel discussion at a monetary policy conference in Sintra, Portugal, Powell said Fed officials still want to see annual price growth slow further toward their 2% target before they would feel confident of having fully defeated high inflation.
“We just want to understand that the levels that we’re seeing are a true reading of underlying inflation,” he added.
2025-05-04 12:292256 view
2025-05-04 12:16194 view
2025-05-04 11:551546 view
2025-05-04 11:541328 view
2025-05-04 10:112894 view
2025-05-04 09:56832 view
San Francisco airport creates sensory room to help nervous flyers San Francisco airport creates sens
Florida schools have approved the use of “supplemental curriculum” created by PragerU, an unaccredit
Earlier this year, California was pummeled by what local surfer's described as the best swell in dec
