Current location:International Iterations news portal > world
A top Federal Reserve official opens door to keeping rates high for longer
International Iterations news portal2024-04-30 06:42:10【world】0People 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.
Address of this article:http://www.videocameralive.com/article-66c399589.html
Very good!(21)
Related articles
- Beijing improves services to facilitate film and television projects
- Beijing Woman Turns Garbage into Treasure
- Holding up a Sunny Sky
- No Struggle, No Success
- 2 policemen killed, 1 injured in 'terror' attack in SE Iran
- Singing 'Red Ballads' to Carry Forward Revolutionary Spirit
- Zhang Yufei wins women's 100m butterfly at Hangzhou Asiad
- Team South wins 2024 CBA All
- Chinese readers find new passion for scientific literature
- Tibetan Woman Helps Farmers Promote Agricultural Products via Livestreaming
Popular articles
Recommended
Pakistani FM Ishaq Dar designated deputy PM
China cruises past Mongolia on Asiad men's basketball opening day
Ethnic Village Thrives on Ecotourism
Chinese Children's Books Impress Overseas Readers, Gain Increasing Popularity
Chinese enterprises keen to expand int'l market: Trade council
Decoding Peking Opera Headwear
Chinese Woman Reaches Peak of Neuroscience Research
Delivers Love to Disadvantaged Women
Links
- Wondrous Xinjiang: Project renovating old residences revitalizes ancient city
- HK youngsters in awe of nation's polar explorers
- Rashee Rice 'was driving his Lamborghini at 119mph' in the seconds before causing a multi
- China's Tianjin launches 1st roadway for intelligent connected vehicles
- Ice and snow tourism propels NE China into high
- HK youngsters in awe of nation's polar explorers
- China's Tianjin launches 1st roadway for intelligent connected vehicles
- Australian freshwater crayfish bring fresh vitality to rural Xinjiang
- HKSAR LegCo unanimously passes national security bill
- Sri Lanka to join Regional Comprehensive Economic Partnership: president