Powell Talks Rates, Inflation, and More DJIA 42992.21 -333.59 S&P 500 5970.84 -66.75 -298.33 -35.60 0.048 LIVE UPDATES | CONCLUDED Follow live coverage and analysis of the Fed chair's talk in San Francisco. Last Updated: April 1, 2024 at 4:37 AM EDT...
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But traders' hopes were dashed by Powell's still-tough talk on inflation. "The tone of Fed Chair Jay Powell's comments was quite hawkish, which means the Fed still has a way to go to fight inflation, and the level of interest rates will be higher than previously expected," said Jack ...
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Talk of the Federal Reserve cutting its key interest rate this year was conspicuously absent from Federal Reserve Chair Jerome Powell’s prepared remarks in a press conference following the Fed’s official announcement on its interest rate decision. Earlier this year, Powell had said the fed funds...