Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month
WASHINGTON (AP) — Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. In signaling so, Powell provided some clarity about the Fed’s likely next policy move after a cacophony of speeches this week by central bank officials had clouded the picture. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said, referring to the Fed’s 10 straight rate hikes.
kAms63E =:>:E E2=<D DE2CE[ DE@A 2D #6AF3=:42?D[ (9:E6 w@FD6 7246 VD6C:@FD 5:776C6?46DVk^Am
kAm(p$wx}v%~} Wp!X — s63E =:>:E E2=<D 36EH66? E96 (9:E6 w@FD6 2?5 w@FD6 #6AF3=:42?D 92G6 DE@AA65 2?5 DE2CE65 2?5 DE@AA65 282:? 2E E96 r2A:E@=] %96 5:KKJ:?8 D6C:6D @7 6G6?ED uC:52J 42>6 2>:5 9:89\DE2<6D ?68@E:2E:@?D E@ 2G@:5 2 A@E6?E:2==J 42E2DEC@A9:4 5672F=E] !C6D:56?E y@6 q:56? C6>2:?D “@AE:>:DE:4Q 2 562= 42? 36 C624965[ E96 (9:E6 w@FD6 AC6DD D64C6E2CJ D2JD H9:=6 24<?@H=658:?8 E96C6 2C6 QD6C:@FD 5:776C6?46D]” q:56? 2?5 #6AF3=:42?D 2C6 C24:?8 E@ DEC:<6 2 562= 2D E96 ?2E:@? 42C66?D E@H2C5 2 A@E6?E:2==J 42E2DEC@A9:4 563E 5672F=E :7 E96 ?2E:@? 72:=D E@ A2J :ED 3:==D] p E@A q:56? 25G:D6C D2JD E96 (9:E6 w@FD6 C6>2:?D 9@A67F=] %2=<D 2C6 =:<6=J E@ C6DF>6 @G6C E96 H66<6?5]k^Am
kAm$E@4< >2C<6E E@52Ji (2== $EC66EVD 36DE H66< D:?46 |2C49 DE2==D 2>:5 563E H@CC:6Dk^Am
kAm}t( *~#z Wp!X — (2== $EC66E’D 36DE H66< D:?46 |2C49 C2? @FE @7 DE62> 2D H@CC:6D C@D6 23@FE E96 &]$] 8@G6C?>6?E’D 677@CED E@ 2G@:5 2 A@E6?E:2==J 5:D2DEC@FD 5672F=E @? :ED 563E] %96 $U2>Aj! d__ D=:AA65 _]`T uC:52J[ 2?5 E96 s@H =@DE `_h A@:?ED] $E@4<D 7=:AA65 7C@> >:552J 82:?D E@ =@DD6D 27E6C #6AF3=:42?D D2:5 E96JVC6 A2FD:?8 ?68@E:2E:@?D @? AC6G6?E:?8 2 5672F=E] %96 $U2>Aj! d__ DE:== 3C@<6 @FE @7 2 =:DE=6DD DEC6E49 H96C6 :E 72:=65 E@ >@G6 3J `T[ FA @C 5@H?[ 7@C D:I DEC2:89E H66<D] %C256CD E@@< 4@>>6?ED 3J u656C2= #6D6CG6 r92:C y6C@>6 !@H6== E@ >62? E96 6?5 E@ 9:<6D E@ :?E6C6DE C2E6D >2J 2CC:G6 ?6IE >@?E9[ 2D 9@A65]k^Am
kAmy2A2?VD %@J@E2 5:D4=@D6D :>AC@A6C 4C2D9 E6DED 2E s2:92EDF DF3D:5:2CJk^Am
kAm%~z*~ Wp!X — %@J@E2 92D 7@F?5 :>AC@A6C 4C2D9 E6DED 7@C 2 >@56= 2?5 DFDA6?565 D9:A>6?ED[ :? E96 =2E6DE :? 2 D6C:6D @7 6>32CC2DD:?8 H@6D A=28F:?8 y2A2?’D E@A 2FE@>2<6C] %96 =2E6DE AC@3=6>[ 27764ED de[``` %@J@E2 #2:K6 9J3C:5 G69:4=6D[ AC@5F465 3J s2:92EDF[ 2 >2?F724EFC6C DA64:2=:K:?8 :? D>2== >@56=D[ H9@==J @H?65 3J %@J@E2] xE 2=D@ 27764ED aa[bah G69:4=6D D@=5 2D E96 s2:92EDF #@4<J] %96 G69:4=6D H6C6 2== D@=5 :? y2A2?] yFDE 2 H66< 28@[ %@J@E2 24<?@H=65865 E96C6 925 366? 52E2 3C6249 2E :ED @?=:?6 r@??64E65 D6CG:46[ DA2??:?8 2 564256[ AFEE:?8 :?7@C>2E:@? @? >@C6 E92? a >:==:@? G69:4=6D 2E C:D< 7@C =62<D] }@ 3C62496D H6C6 C6A@CE65]k^Am
kAms6EC@:E 6?4=2G6 3F:=E @? 2FE@ :?5FDECJ DECF88=6D F?56C Sa_| H2E6C 563Ek^Am
kAmwxvw{p}s !p#z[ |:49] Wp!X — p D>2== 6?4=2G6 @7 s6EC@:E :D 4@?D:56C:?8 >F?:4:A2= 32?<CFAE4J E@ 96=A C:5 :ED6=7 @7 2 564256D\@=5 H2E6C 563E E92E 92D 8C@H? E@ 23@FE Sa_ >:==:@? 2?5 E9C62E6?D E@ DH2>A E96 2=C625J 7:?2?4:2==J DECF88=:?8 4:EJ] w:89=2?5 !2C< 2?5 E96 vC62E {2<6D (2E6C pFE9@C:EJ 2C6 :? 4@FCE\@C56C65 >65:2E:@? @G6C 9@H E96 563E H:== 36 A2:5] xEVD 2 9:E :? E96 564=:?6 @7 w:89=2?5 !2C<[ H9:49 H2D 3F:=E 2 46?EFCJ 28@ @? E96 DEC6?8E9 @7 E96 2C62VD 2FE@ :?5FDECJ 2?5 925 >@C6 E92? d_[___ C6D:56?ED :? `hb_] }@H[ 76H6C E92? h[___ A6@A=6 =:G6 :? E96 4:EJ[ H9:49 @?=J 6IA64ED 23@FE S`a >:==:@? :? C6G6?F6 7@C E96 4@>:?8 7:D42= J62C]k^Am
kAm$2? uC2?4:D4@ @77:4:2=D 2C6 :?G6DE:82E:?8 :7 t=@? |FD<VD V%H:EE6C w@E6=V A=2? 3C@<6 =2HDk^Am
kAm$p} u#p}rx$r~ Wp!X — $2? uC2?4:D4@ @77:4:2=D 2C6 :?G6DE:82E:?8 %H:EE6C] $:I 7@C>6C 6>A=@J66D 2==686 E92E @H?6C t=@? |FD<’D =6256CD9:A E62> 3C@<6 =2HD :? EFC?:?8 E96 4@>A2?J’D 9625BF2CE6CD :?E@ 2 “%H:EE6C w@E6=” 7@C H@C<6CD H9@ H6C6 AFD965 E@ DE2J FA =2E6 E@ EC2?D7@C> E96 D@4:2= >65:2 A=2E7@C>] %96 $2? uC2?4:D4@ s6A2CE>6?E @7 qF:=5:?8 x?DA64E:@? D2JD :E 92D @A6?65 2 ?6H 4@>A=2:?E 2?5 H:== 36 4@?5F4E:?8 2? :?G6DE:82E:@? :?E@ E96 2==682E:@?D] %92E’D 27E6C E96 6I\6>A=@J66D 2==6865 :? 2 =2HDF:E 7:=65 :? 2 s6=2H2C6 4@FCE E92E %H:EE6C 5:5?’E A2J E96> AC@>:D65 D6G6C2?46 2?5 G:@=2E65 ?F>6C@FD 3F:=5:?8 4@56D]k^Am
kAm|@C6 E92? b_ >:==:@? &$ 5C:G6CD 5@?VE <?@H :7 E96JVC6 2E C:D< 7C@> 2 C2C6 3FE 52?86C@FD 2:C328 3=2DEk^Am
kAmst%#~x% Wp!X — |@C6 E92? bb >:==:@? A6@A=6 :? E96 &?:E65 $E2E6D 2C6 5C:G:?8 G69:4=6D E92E 4@?E2:? 2 A@E6?E:2==J 5625=J E9C62Ei p:C328 :?7=2E@CD E92E :? C2C6 42D6D 42? 6IA=@56 :? 2 4@==:D:@? 2?5 DA6H D9C2A?6=] u6H @7 E96> <?@H :E] p?5 3642FD6 @7 2 5:DAFE6 36EH66? 7656C2= D276EJ C68F=2E@CD 2?5 2? 2:C328 A2CED >2?F724EFC6C[ E96J 2C6?’E =:<6=J E@ 7:?5 @FE 2?JE:>6 D@@?] %96 }2E:@?2= w:89H2J %C277:4 $276EJ p5>:?:DEC2E:@? :D 56>2?5:?8 E92E E96 >2?F724EFC6C[ p#r pFE@>@E:G6 @7 z?@IG:==6[ %6??6DD66[ C642== ef >:==:@? :?7=2E@CD E92E 4@F=5 6IA=@56 H:E9 DF49 7@C46 2D E@ 3=@H 2A2CE 2 >6E2= 42?:DE6C 2?5 6IA6= D9C2A?6=] qFE p#r :D C67FD:?8 E@ 5@ D@[ D6EE:?8 FA 2 A@DD:3=6 4@FCE 7:89E H:E9 E96 286?4J]k^Am
kAmp>6C:42? p:C=:?6D 2?5 y6Eq=F6 >FDE 232?5@? E96:C A2CE?6CD9:A :? E96 }@CE962DE[ 7656C2= ;F586 CF=6Dk^Am
kAmp>6C:42? p:C=:?6D 2?5 y6Eq=F6 >FDE 8:G6 FA E96:C A2CE?6CD9:A :? E96 ?@CE962DE &]$] %92EVD H92E 2 7656C2= ;F586 :? q@DE@? CF=65 @? uC:52J] %96 yFDE:46 s6A2CE>6?E 2?5 D6G6C2= DE2E6D DF65 E@ 3C62< FA E96 2:C=:?6 2==:2?46] yF586 {6@ $@C@<:? 2446AE65 E96 8@G6C?>6?EVD 2C8F>6?E E92E E96 562= C65F46D 4@>A6E:E:@?] %96 CF=:?8 :D 8@@5 ?6HD 7@C E96 q:56? 25>:?:DEC2E:@?[ H9:49 92D FD65 288C6DD:G6 6?7@C46>6?E @7 2?E:ECFDE =2HD E@ =:>:E >6C86CD 2?5 @E96C 2CC2?86>6?ED 36EH66? =2C86 4@CA@C2E:@?D]k^Am
kAm|@DE 72G@C A2:C:?8 563E =:>:E C:D6 H:E9 567:4:E 4FED[ 3FE 76H 7@==@H:?8 5632E6 4=@D6=Ji p!\}~#r A@==k^Am
kAm(p$wx}v%~} Wp!X — p ?6H A@== 7:?5D E92E >@DE &]$] 25F=ED D2J E96J 2C6 9:89=J 4@?46C?65 23@FE 9@H E96 ?2E:@?VD 64@?@>J H@F=5 36 27764E65 :7 E96 563E =:>:E :D?VE :?4C62D65 2?5 E96 8@G6C?>6?E 42?VE A2J :ED 563ED] %92EVD 244@C5:?8 E@ 2 DFCG6J 7C@> %96 pDD@4:2E65 !C6DD\}~#r r6?E6C 7@C !F3=:4 p772:CD #6D62C49] %96 A@== D9@HD e :? `_ 25F=ED D2J E96J H2?E 2?J :?4C62D6 :? E96 563E =:>:E E@ 36 4@FA=65 H:E9 28C665\FA@? E6C>D 7@C C65F4:?8 E96 7656C2= 3F586E 567:4:E] pE E96 D2>6 E:>6[ p>6C:42?D 2C6 >@C6 =:<6=J E@ 5:D2AAC@G6 E92? 2AAC@G6 @7 9@H !C6D:56?E y@6 q:56? 2?5 4@?8C6DD:@?2= ?68@E:2E@CD :? 3@E9 A@=:E:42= A2CE:6D 2C6 92?5=:?8 ?68@E:2E:@?D]k^Am
kAmp5:52D E@ DE2CE D6==:?8 DE@4<A:=6 @7 *66KJ D?62<6CD =2E6C E9:D >@?E9k^Am
kAm}t( *~#z Wp!X — p5:52D D2JD :E H:== 368:? D6==:?8 :ED >@C6 E92? S` 3:==:@? H@CE9 @7 F?D@=5 *66KJ D?62<6CD =2E6C E9:D >@?E9] %96 4@>A2?J D2JD AC@4665D 7C@> E96 D2=6 H:== 36 5@?2E65 E@ G2C:@FD 2?E:\C24:D> 8C@FAD] %96 v6C>2? DA@CEDH62C 3C2?5 D2:5 C64:A:6?ED H:== :?4=F56 E96 p?E:\s672>2E:@? {628F6[ H9:49 7:89ED 2?E:D6>:E:D> 2?5 @E96C 7@C>D @7 5:D4C:>:?2E:@?[ 2?5 E96 !9:=@?:D6 U2>Aj z66E2 u=@J5 x?DE:EFE6 7@C $@4:2= r92?86[ CF? 3J D@4:2= ;FDE:46 25G@42E6 !9:=@?:D6 u=@J5[ E96 3C@E96C @7 v6@C86 u=@J5] *66KJ AC@5F4ED 92G6 366? F?2G2:=23=6 E@ D9@AA6CD D:?46 p5:52D E6C>:?2E65 :ED A2CE?6CD9:A H:E9 *6[ 7@C>6C=J <?@H? 2D z2?J6 (6DE[ :? ~4E@36C a_aa 7@==@H:?8 9:D 2?E:D6>:E:4 4@>>6?ED @? D@4:2= >65:2 2?5 :? :?E6CG:6HD]k^Am
(0) comments
Welcome to the discussion.
Log In
Internet forum rules ...
Real names required. No pseudonyms or partial names allowed. Stand behind what you post.
Keep it clean. Don't use obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don’t knowingly lie about anyone or anything.
Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be brief. Keep posts to 150 words or less.
Edit yourself. No more than two posts per thread and stay on topic. Do not link to sites outside galvnews.com.
Be aware. All posts are property of The Daily News and may be republished in print.
Be proactive. Use the "Report" link on each comment to let us know of rule violations.