News

A fraught word resurfaced in the Federal Reserve’s lexicon again this week: "transitory." It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher ...
Some worry that Powell may be mistakenly playing down the risks of Trump’s trade war, as he did in 2022 when he wrongly called inflation “transitory.” Several economists see tariffs ...
Federal Reserve Chair Jerome Powell on Friday appeared to back away from a "base case" view that inflation from President ...
After leaving interest rates untouched due to uncertainty surrounding tariffs and trade, Federal Reserve Chair Jerome Powell revived a word with a controversial past: transitory. During his post ...
Fed Chairman Jay Powell reintroduced the term "transitory" for inflation, attributing current inflation upticks to tariffs. The Fed's updated forecasts indicate higher inflation and lower GDP ...
The effects of the White House’s tariff policy on inflation could be less transitory and more “persistent,” said Powell on Wednesday. “Tariffs are highly likely to generate at least a temporary rise ...
As Mr. Powell put it today: “As I’ve mentioned, it can be the case that it’s appropriate sometimes to look through inflation if it’s going to go away quickly without action by us, if it’s ...
Markets are expecting more rate cuts than they are likely to get, I argue, and the Fed's hawkish stance reinforces my views.
The outlook spurred talk again about "transitory" inflation that caused a major policy headache for the Fed. At his post-meeting news conference, Chair Jerome Powell said the current outlook is ...