Patrickoneil.com

Wyoming News

Wyoming News and other Headlines are automatically updated constantly as they break.

US Federal Reserve's Powell reminds lawmakers of Fed's dual mandate

VOA News | Saturday, September 2, 2023 
Fed’s Powell: Higher Rates May Be Needed, Will Move ‘Carefully’

The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy. While not as hawkish a message as he delivered this time a year ago at the annual Jackson Hole Economic Policy Symposium, Powell’s remarks still delivered a punch, with investors now seeing one more rate hike by year-end more likely than not. “We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data,” Powell said in a keynote address. “It is the Fed’s job to bring inflation down to our 2% goal, and we will do so.” The Fed has raised rates by 5.25 percentage points since March 2022, and inflation by the Fed’s preferred gauge has moved…Read more

Coming Soon

♦ Blogs

♦ Bargain Shopping Directory

♦ Business Listings Directory

♦ Podcasts

♦ Press Release Promotions 

♦ Radio: Featuring News by Patrick O’Neil 

♦ Weekly Business Highlights

Why patrickoneil.com Newsrooms are Unique

Founded by our president – an experienced Radio Broadcaster and Journalist of award winning work, this website’s news pages connect our users to continuous breaking news in specified categories, collated from reputable media – locally, nationally and globally. You can confidently visit this and our other hundreds of news pages often, to quickly read automatically updated headlines and news briefs from up to 25 media sources in each newsroom. Users may also find bargains from promotions on our site including advertisements and our soon to be launched Bargains Shopping Directory. Learn more from About Us… 

 

Broadcasting Standard

★   

Home - Patrickoneil.com, the Home of Breaking News and Bargains for latest news with news briefs in related categories and also easy links to bargains from Ads on site.

Copyright © 2002-2024 Patrick O’Neil Media Network Inc. / Promotions via Internet, Print, Radio & Television. All rights reserved.