Published April 16, 2024 1:58pm EDT
Powell: It's taking 'longer than expected' for ostentation to scope Fed's 2% goal
Federal Reserve Chair Jerome Powell connected Tuesday said that caller ostentation reports show a "lack of further progress" successful taming value pressures wrong nan economy, casting caller uncertainty connected really soon nan cardinal slope whitethorn trim liking rates this year.
"More caller information shows coagulated maturation and continued spot successful nan labour market, but besides a deficiency of further advancement truthful acold this twelvemonth connected returning to our 2% ostentation goal," nan Fed main said.
This is simply a processing story. Please cheque backmost for updates.