Current location:sport >>
A top Federal Reserve official opens door to keeping rates high for longer
sport5People have gathered around
IntroductionWASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central ban ...
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood of future rate cuts that he had included in a previous speech in February. Instead, he said his outlook is that inflation will cool even with the Fed’s key rate “held steady at its current level.”
If elevated inflation proves more persistent than he expects, Jefferson added, “it will be appropriate” to keep rates at their current level “for longer” to help slow inflation to the Fed’s 2% target level. U.S. consumer inflation, measured year over year, was most recently reported at 3.5%.
Jefferson’s remarks appeared to open the door to the prospect that the Fed will dial back its forecast, issued at its most recent policy meeting in March, that it would carry out three quarter-point cuts this year to its benchmark rate, which stands at about 5.3%. Chair Jerome Powell is scheduled to speak later Tuesday and may comment on the Fed’s potential timetable for rate cuts.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Station news portal”。http://kenya.downmusic.org/html-88b599345.html
Related articles
Candice Swanepoel stuns in a form
sportCandice Swanepoel looked incredible as she arrived at the 77th annual Cannes Film Festival premiere ...
【sport】
Read morePerfect for a 'slimmed
sportPrincess Beatrice calls it 'the most glamorous Wendy house ever,' and for more than 90 years it has ...
【sport】
Read moreQueen Letizia and King Felipe arrive at funeral of Fernando Gomez
sportQueen Letizia of Spain cut a demure look today as she and her husband King Felipe today arrived at t ...
【sport】
Read more
Popular articles
- Fresh heartache for cancer
- Danish queens don't get to be crowned. But when Margrethe steps down this weekend, her daughter
- 'Catherine is thrilled by the kind wishes and support': Camilla thanks well
- Queen Letizia dons a chic trouser suit to attend national awards ceremony with King Felipe
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- Meghan Markle reads books to youngsters at Los Angeles Children's Hospital on Royal
Latest articles
Nuggets blow 20
HKFP Lens: Hong Kong through the eyes of photojournalist Wong Kan
Kate will 'lean on' her trusted nanny Maria Borrallo as she recovers from abdominal surgery
Norway's Arctic north wants to bring in a 26
Cruise worker 'murders newborn son on board ship': Shocked co
Loosening building products red tape 'good first step'
LINKS
- Effective diplomacy in black and white
- More U.S., China financial cooperation expected by industry insiders
- In pics: industrial production across China
- China's foreign trade starts on steady note in 2023
- China's Top Political Advisory Body Holds Press Conference Ahead of Annual Session
- Softer economic data call for quick, decisive action
- China formally starts across
- Xi Congratulates Tamas Sulyok on Election as Hungarian President
- There's spring in real estate recovery
- Councilors vow to explain Article 23 to HK residents