Jan 29, 2025 · Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump. ... Fed Chair Jerome Powell largely deflected questions about recent comments from President Trump, including one from last week, when Trump said he would lower oil prices and then “demand” lower rates. He also said he would speak with Powell about it.

Aug 23, 2024 · By early 2022, headline inflation exceeded 6 percent, with core inflation above 5 percent. New supply shocks appeared. Russia's invasion of Ukraine led to a sharp increase in energy and commodity prices.

Mar 12, 2024 · Housing and auto insurance costs are soaring because of climate change and more expensive car parts, says Fed Chairman Jerome Powell.

Jul 15, 2024 · Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

Dec 23, 2024 · Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly...

Apr 16, 2024 · Federal Reserve Chair Jerome Powell said Tuesday that it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling...

May 14, 2024 · Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.

Nov 30, 2022 · Housing services inflation measures the rise in the price of all rents and the rise in the rental-equivalent cost of owner-occupied housing. Unlike goods inflation, housing services inflation has continued to rise and now stands at 7.1 percent over the past 12 months. Housing inflation tends to lag other prices around inflation turning points,

Jul 15, 2024 · Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that the pace of price increases is...

Sep 30, 2024 · Federal Reserve Chair Jerome Powell on Monday said there's "growing confidence" that inflation is moving toward the central bank's 2% goal during a speech at the National Association for...