Powell’s likely final Fed speech: rates held as Iran-linked uncertainty weighs on outlook
TL;DR Summary
Powell delivers what is likely his final speech as Fed chair as the Fed holds rates at 3.5%-3.75%; he notes inflation is up and warns that the Iran conflict and higher energy prices add uncertainty, with economists still forecasting three rate cuts this year. He says the transition to Kevin Warsh will be standard and will stay on the board until the DOJ investigation is fully over, which has recently closed but could restart.
- Powell holds US interest rates steady in what is likely his final decision as Fed chairman BBC
- Jerome Powell says he will continue to serve as a Fed governor even after chairmanship ends CNBC
- Federal Reserve keeps key rate unchanged even as four officials dissent, most in almost 34 years AP News
- Today’s Fed Meeting Is Likely Powell’s Last as Chair. The Warsh Era Nears. Barron's
- Fed Meeting Live Updates: Rate Decision Will Be Announced at Powell's Likely Last Meeting as Chair The New York Times
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