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Powell Says Fed Needs Compelling Evidence of Inflation Slowdown to Alter Rate-Rise Path
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Chairman Jerome Powell said the Federal Reserve plans to continue raising interest rates until it sees clear proof that inflation is slowing to the central bank’s 2% target.
Officials raised interest rates by 0.75 percentage point last week, the largest increase since 1994, and Mr. Powell and several colleagues have signaled that another such increase could be warranted at their next meeting, July 26-27.
Read more on wsj.comAbout this in other media
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly cnbc.com /1 year ago
Derby’s Take: Inflation Fight Raises Questions About the Fed’s Tool Kit wsj.com /1 year ago
Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation cnbc.com /1 year ago
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