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Federal Reserve Chair Jerome Powell emphasized during the annual general meeting of the Foreign Bankers’ Association in Amsterdam that inflation is declining more slowly than anticipated, indicating that the central bank will maintain its current stance for an extended period. Despite expectations for inflation to decrease over the year, Powell noted that this hasn’t materialized yet. He emphasized the need for patience and indicated a likelihood of maintaining the current policy rate rather than raising it. Powell’s remarks echoed sentiments expressed during the May 1 Federal Open Market Committee meeting, where the committee unanimously decided to keep rates unchanged due to a lack of progress in reaching the Fed’s 2% inflation target, CNBC has reported. read more: https://www.cnbc.com/2024/05/14/powel... Links for B.C. Visit My Website https://bcbegley.com Follow Me On Facebook / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble https://rumble.com/c/c-280191 Follow Me On Gab https://gab.com/BC_Begley Follow Me On Truth Social https://truthsocial.com/@BC_Begley