Top news
Powell: Fed to keep rates higher for longer to cut inflation
By Christopher Rugaber
S&P 500 ends 3-day losing streak. Dow jumps 700 points after Powell signals smaller rate hikes
By Alex Harring & Carmen Reinicke
Stock market news live updates: November 30, 2022
By Dani Romero
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Formerly TwitterNick Timiraos
NickTimiraos
Takeaways from the Powell presser:
-There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes
-He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected
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Nick Timiraos
NickTimiraos
Powell on taking politics into account when setting interest rates: "We just don't do that .... If you go down that road, where do you stop?"
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Heather Long
byHeatherLong
Fed Chair Powell summary today:
1) A rate hike is very unlikely
2) His base case is to cut rates later this year, but it’s not a given
3) No sign of stagflation
4) 3% inflation is not acceptable
#Fed #economy pic.twitter.com/s6UwoWoSuz
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Heather Long
byHeatherLong
“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation
He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT
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All coverage
Investors bet on interest rate cuts in 2023 despite Fed signals
By Colby Smith & Kate Duguid
Jerome Powell Remarks: Powell Says Fed Could Slow Rate Increases at Next Meeting (Published 2022)
By Jeanna Smialek, Ben Casselman & Jim Tankersley
Fed's Powell: Rate hikes to slow, but adjustment just beginning
By Ann Saphir & Howard Schneider