{"id":88225,"date":"2024-05-15T00:28:52","date_gmt":"2024-05-15T04:28:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88225"},"modified":"2024-05-14T23:49:19","modified_gmt":"2024-05-15T03:49:19","slug":"fed-chair-powell-says-inflation-has-been-higher-than-thought-expects-rates-to-hold-steady","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/fed-chair-powell-says-inflation-has-been-higher-than-thought-expects-rates-to-hold-steady.html","title":{"rendered":"Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady"},"content":{"rendered":"\n<p>(CNBC) Federal Reserve Chair&nbsp;<a href=\"https:\/\/www.cnbc.com\/jay-powell\/\">Jerome Powell<\/a>&nbsp;reiterated Tuesday that&nbsp;<a href=\"https:\/\/www.cnbc.com\/id\/10000793\">inflation<\/a>&nbsp;is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.foreignbankers.nl\/\" target=\"_blank\">Foreign Bankers\u2019 Association<\/a>&nbsp;in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year and caused a rethink of where policy is headed.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/14\/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Federal Reserve Chair&nbsp;Jerome Powell&nbsp;reiterated Tuesday that&nbsp;inflation&nbsp;is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the&nbsp;Foreign Bankers\u2019 Association&nbsp;in Amsterdam, the central bank leader noted [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88225","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88225"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88225\/revisions"}],"predecessor-version":[{"id":88227,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88225\/revisions\/88227"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}