No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

US Federal Reserve to take longer to cut interest rates, says Jerome Powell

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 3 mins read
A A
US Federal Reserve to take longer to cut interest rates, says Jerome Powell
Share on FacebookShare on TwitterShare on LInkedIn


The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts.

“For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee.

Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism.

Powell has also often cited his support in Congress as a bulwark against Trump’s attacks, but that support could wane under the president’s ongoing assaults.

Trump lashed out again in the early hours of Tuesday morning, posting on his social media site: “I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come.”

Live Events

The last time Powell appeared before Congress, in February, Rep. French Hill, the Arkansas Republican who chairs the committee, urged Powell to ensure inflation returned to the Fed’s target of 2 per cent, which typically requires keeping rates elevated.The Fed’s 19-member interest rate setting committee, led by the chair, decides whether to cut or raise borrowing costs. They typically increase rates to cool the economy to fight or prevent inflation, and lower rates when the economy is weak to boost borrowing and spending.The Fed’s committee voted unanimously last week to keep its key rate unchanged, though the Fed also released forecasts of future rate cuts that revealed emerging divisions among the policymakers. Seven projected no rate cuts at all this year, two just one, while 10 forecast at least two reductions.

At a news conference last week, Powell suggested the Fed would monitor how the economy evolves over the summer in response to Trump’s tariffs and other policies before deciding whether to cut rates. His comments suggested a rate reduction wouldn’t occur until September.

Yet two high-profile members of the Fed’s governing board, Michelle Bowman and Christopher Waller, have since suggested the central bank could cut its rate as early as its next meeting in July. Both officials were appointed by Trump during his first term and Waller is often mentioned as a potential replacement for Powell when his term ends next May.

The Fed cut rates three times late last year to about 4.3 per cent. Yet since then it has put rate cuts on pause out of concern that Trump’s tariffs could push up inflation.

The president has slapped a 10 per cent duty on all imports, along with an additional 30 per cent levy on goods from China, 50 per cent on steel and aluminum, and 25 per cent on autos.

Yet inflation has steadily cooled this year despite widespread concerns among economists about the impact of tariffs. The consumer price index ticked up just 0.1 per cent from April to May, the government said last week, a sign that price pressures are muted.

Prices for some goods rose last month, but the cost for many services such as air fares and hotels fell, offsetting any tariff impact. Compared with a year ago, prices rose 2.4 per cent in May, up from 2.3 per cent in April.



Source link

Tags: cutfederalinterestJeromelongerPowellratesReserve
ShareTweetShare
Previous Post

As shekel gains strongly, is it heading for NIS 3/$?

Next Post

Wall Street Invests in $135M Round from Digital Asset

Related Posts

edit post
The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

by TheAdviserMagazine
October 2, 2025
0

The NFL is set to launch professional flag football leagues for both men and women within the next couple of...

edit post
Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

by TheAdviserMagazine
October 2, 2025
0

The breakthrough scientific moment for fusion power—and the potential for nearly limitless electricity from a so-called star in a jar—came...

edit post
Expert breaks down the 2025 tax changes retirees should know

Expert breaks down the 2025 tax changes retirees should know

by TheAdviserMagazine
October 2, 2025
0

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Retirees face a...

edit post
Biden’s Florida legacy: An economic boom, a magnet for immigrants and a solidly conservative red state

Biden’s Florida legacy: An economic boom, a magnet for immigrants and a solidly conservative red state

by TheAdviserMagazine
October 2, 2025
0

After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm...

edit post
Market trading guide: Buy Hindustan Zinc, Fortis Health and 2 more stocks for up to 9% gains – Stock Ideas

Market trading guide: Buy Hindustan Zinc, Fortis Health and 2 more stocks for up to 9% gains – Stock Ideas

by TheAdviserMagazine
October 2, 2025
0

India’s benchmark indices, the Nifty and Sensex, ended their eight-day losing streak, led by private banks, auto, and IT stocks....

edit post
Axis Securities gives Nifty target of 25,500, names Bharti Airtel and Lupin among top 15 picks

Axis Securities gives Nifty target of 25,500, names Bharti Airtel and Lupin among top 15 picks

by TheAdviserMagazine
October 2, 2025
0

Among small caps, Mahanagar Gas Ltd (MGL), Kirloskar Brothers, Sansera Engineering, and Kalpataru Projects International are Axis Securities’ top picks.The...

Next Post
edit post
Wall Street Invests in 5M Round from Digital Asset

Wall Street Invests in $135M Round from Digital Asset

edit post
No More Cheeseburgers in Paradise

No More Cheeseburgers in Paradise

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

0
edit post
CAG Earnings: Key quarterly highlights from Conagra Brands’ Q1 2026 financial results

CAG Earnings: Key quarterly highlights from Conagra Brands’ Q1 2026 financial results

0
edit post
US moots 15% international student cap on institutions

US moots 15% international student cap on institutions

0
edit post
I replaced my mother-in-law’s roof without a contract — then she stiffed me for nearly K. What are my options?

I replaced my mother-in-law’s roof without a contract — then she stiffed me for nearly $20K. What are my options?

0
edit post
Treasury Secretary Bessent says GDP could take a hit from the government shutdown

Treasury Secretary Bessent says GDP could take a hit from the government shutdown

0
edit post
Bitcoin ETFs Soar With 6 Million Inflow as Ether ETFs Add  Million

Bitcoin ETFs Soar With $676 Million Inflow as Ether ETFs Add $81 Million

0
edit post
The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says

October 2, 2025
edit post
Bitcoin ETFs Soar With 6 Million Inflow as Ether ETFs Add  Million

Bitcoin ETFs Soar With $676 Million Inflow as Ether ETFs Add $81 Million

October 2, 2025
edit post
Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI

October 2, 2025
edit post
Expert breaks down the 2025 tax changes retirees should know

Expert breaks down the 2025 tax changes retirees should know

October 2, 2025
edit post
Jimmy Kimmel suspension hurts brand

Jimmy Kimmel suspension hurts brand

October 2, 2025
edit post
Treasury Secretary Bessent says GDP could take a hit from the government shutdown

Treasury Secretary Bessent says GDP could take a hit from the government shutdown

October 2, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The NFL is launching professional flag football leagues for both men and women, Commissioner Roger Goodell says
  • Bitcoin ETFs Soar With $676 Million Inflow as Ether ETFs Add $81 Million
  • Nuclear fusion was always 30 years away—now it’s a matter of when, not if, fusion comes online to power AI
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.