Fed to hold rates steady, possibly raising inflation forecasts due to new trade tariffs. Market pricing for 3 cuts by 2024, ...

Federal Reserve Chair Jerome Powell said it remains to be seen if the Trump administration's tariff plans will prove to be ...

“Nothing is more transitory than tariffs,” Bessent said at an event hosted by the Economic Club of New York, using the same T-word that both Powell and the Biden administration used to ...

“We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told the US Congress this week. “I think it ...

MORAN, Wyo. — The “transitory” inflation caused by the economic shock of the Covid-19 pandemic turned out to be a head fake, Federal Reserve Chair Jerome Powell said. While some inflation in ...

Mr. Powell also cited the statistical lag in calculating ... Let’s hope the Fed’s inflation confidence isn’t as transitory as it was in 2021.

“Keep in mind that the Fed’s ‘transitory’ mistakes helped to drive the inflation surge over the past two years." After pulling back on Thursday amid worries that Powell would come out more ...

They weren't alone in their optimism. ''The good ship Transitory was a crowded one,'' Powell said, ''with most mainstream analysts and advanced-economy central bankers on board.'' But the word ...

By Howard Schneider, Ann Saphir NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said it remains to be seen if the ...

He suggested the Fed's "Team Transitory" should "get back together" and look at tariffs in the same way it did at inflation in 2021. Bessent was referring to Powell and other Fed officials who ...