Expectation of additional inflation increase due to tariffs, says Fed Chair Powell
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YouTubeCNBC Television
Expectation of additional inflation increase due to tariffs, says Fed Chair Powell
Federal Reserve Chair Jerome Powell speaks after the Fed approved its second straight interest rate cut, lowering its benchmark overnight borrowing rate to a range of 3.75%-4%.
11.5K views4 days ago
Powell Speech
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Federal Reserve Chair Jerome Powell said Wednesday that inflation has moved up since earlier in the year and remains somewhat elevated, as the central bank cut interest rates by a quarter point. Read more: cnb.cx/4p3yb99 | CNBC
0:54
Federal Reserve Chair Jerome Powell said Wednesday that inflation has moved up since earlier in the year and remains somewhat elevated, as the central bank cut interest rates by a quarter point. Read more: cnb.cx/4p3yb99 | CNBC
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Powell: Inflation remains somewhat elevated
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