Skip to main content
You have permission to edit this article.
Edit

All eyes on Powell with US Fed expected to hold rates steady

  • 0

Front One Top

US Federal Reserve Chair Jerome Powell's tenure as chief will end in May, but he could stay on as a board member until 2028

US Federal Reserve Chair Jerome Powell's tenure as chief will end in May, but he could stay on as a board member until 2028

The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a key policy meeting, likely the last chaired by central bank chief Jerome Powell, a frequent target of President Donald Trump's ire.

Policymakers will weigh the risks of surging energy prices and snarled supply chains due to the US-Israel war on Iran, with analysts widely expecting a third pause in a row as the effects of the conflict ripple through the world's largest economy.

Keep reading

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Our Standards

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Test polling

You voted:

Test Most Popular Grid

Global Side Primary

300 x 250 300 x 600