Powell, Jerome H – Page 26

Stubborn Inflation Could Prod Fed to Keep Rates High for Longer

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

Biden, Joseph R Jr Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Presidential Election of 2024 Trump, Donald J United States Economy United States Politics and Government

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.

By Jim Tankersley and Jeanna Smialek

Banking and Financial Institutions Consumer Price Index Inflation (Economics) Interest Rates Jefferson, Philip N Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

Powell Suggests Interest Rates Could Stay High for a Longer Period

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.

By Ben Casselman and Jim Tankersley

Biden, Joseph R Jr Elections Federal Reserve System Inflation (Economics) Interest Rates internal-storyline-no Powell, Jerome H United States Economy

The Odds for a Summertime Fed Rate Cut Are Dwindling

Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler