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LIVE: Chair Jerome Powell speaks after Fed holds rates steady, flags 'lack of further progress' o…

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May 1, 2024

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Chair Jerome Powell holds a briefing after the Federal Reserve held interest rates steady and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.

#Live #Fed #FederalReserve #CentralBank #JeromePowell #JayPowell #FedChair #InterestRates #lenders #inflation #borrowingCosts #economy #US #business #finance #news #Reuters

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LIVE: Chair Jerome Powell speaks after Fed holds rates steady, flags 'lack of further progress' o… · Reuters · Sentinel