Search
Hot topics close

Powell: Higher inflation temporary, no rate hikes in sight

Powell Higher inflation temporary no rate hikes in sight
Federal Reserve Chair Jerome Powell says inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies

For example, gas prices have been rising as Americans are venturing out more. Yet oil production hasn't yet caught up, making gas more expensive. And when Americans do return to pre-pandemic habits, such as going to movies or eating out, they will have find many of their former favorite haunts closed.

Similar shots
  • Fed Chair Jerome Powell says he wont resign if Donald Trump asks Fed Chair Jerome Powell says he won't resign if Donald Trump asks ...
  • Fed Chair Jerome Powell says he wouldnt resign if Trump asked Fed Chair Jerome Powell says he wouldn't resign if Trump asked ...
News Archive
  • Fink
    Fink
    Big Rink Podcast: Penn State's high-scoring new guy Aiden Fink ...
    10 Feb 2024
    1
  • Masters
    Masters
    Stiles: A Masters green anniversary for my obsession Robesonian
    11 Apr 2024
    35
  • Trump news Today
    Trump news Today
    5 things to know for Nov. 7: Trump trial, Israel, Presidential debate ...
    7 Nov 2023
    5
  • Harvest Moon 2022
    Harvest Moon 2022
    Harvest Moon tonight! See the full moon rise near Jupiter and Neptune (Sept. 10)
    10 Sep 2022
    1
  • Desmond Tutu
    Desmond Tutu
    UN chief calls Desmond Tutu 'an inspiration to generations'
    26 Dec 2021
    1
This week's most popular shots
  • Cowboys get WR help in trade for Jonathan Mingo Cowboys get WR help in trade for Jonathan Mingo
  • Steelers trade for wide receiver Mike Williams defensive end Steelers trade for wide receiver Mike Williams, defensive end ...
  • Sporting vs Man City LIVE Champions League latest updates as Sporting vs Man City LIVE: Champions League latest updates as ...
  • Why 2022 Finals rematch vs Celtics comes at right time for Warriors Why 2022 Finals rematch vs. Celtics comes at right time for Warriors
  • Real Madrid vs AC Milan live updates Champions League result as Real Madrid vs AC Milan live updates: Champions League result as ...
  • Warriors among three teams with impressive offense defense feat Warriors among three teams with impressive offense, defense feat
  • DJT stock sees wild swings ahead of election results briefly halted DJT stock sees wild swings ahead of election results, briefly halted ...
  • See exit poll results for the 2024 presidential election Democracy See exit poll results for the 2024 presidential election: Democracy ...
  • I felt attacked Voter wearing MAGA hat says he was asked to leave 'I felt attacked': Voter wearing MAGA hat says he was asked to leave ...
  • Lester Holt Describes What Will Happen on Election Night and Lester Holt Describes What Will Happen on Election Night — and ...
  • New Orleans Saints trade cornerback Marshon Lattimore to New Orleans Saints trade cornerback Marshon Lattimore to ...
  • Liverpool 40 Leverkusen Nov 5 2024 Game Analysis ESPN Liverpool 4-0 Leverkusen (Nov 5, 2024) Game Analysis ESPN
  • Liverpool vs Leverkusen live score updates Diaz Gakpo score 2 Liverpool vs Leverkusen live score updates: Diaz, Gakpo score 2 ...
  • Moments After Casting Vote Trump Rants At Oprah Winfrey amp Fox Moments After Casting Vote, Trump Rants At Oprah Winfrey & Fox ...
  • Kamala Harris y Donald Trump empataron en Dixville Notch la Kamala Harris y Donald Trump empataron en Dixville Notch, la ...
  • Maryland Republican Party Encourages Mail Voting Montgomery Maryland Republican Party Encourages Mail Voting Montgomery ...
  • Elecciones Estados Unidos Donald Trump o Kamala Harris recta Elecciones Estados Unidos Donald Trump o Kamala Harris: recta ...
  • Exit polls 2024 Fears for American democracy economic discontent Exit polls 2024: Fears for American democracy, economic discontent ...
  • Fact Check Would Donald Trump force states to monitor womens Fact Check: Would Donald Trump force states to monitor women's ...
  • Liverpool 40 Bayer Leverkusen UEFA Champions League Player Liverpool 4-0 Bayer Leverkusen UEFA Champions League Player ...