Powell Targets High-or-Higher Rate Path

In his Jackson Hole speech, Powell noted that the Fed is making progress in slowing price gains but stressed that its job fighting inflation isn't done.

By Craig Torres & By Steve Matthews | August 25, 2023 at 04:03 PM

Photo: Jerome Powell, chairman of the U.S. Federal Reserve, walks the grounds at the Jackson Hole economic symposium in Moran, Wyoming, on August 25, 2023.

Federal Reserve Chair Jerome Powell signaled that interest rates will stay high and could rise even further should the economy and inflation fail to cool.

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2 Fed’s Focus Has Returned Firmly to Inflation

3 Fed Lowers Interest Rates by a Quarter Point

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5 U.S.–Euro Rates Gap Is Set to Widen Again

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Fed’s Focus Has Returned Firmly to Inflation

By Craig Torres | December 19, 2024

Policymakers don’t expect to reach their 2% inflation goal until 2027, so “from here on out, it is going to be much harder to get rate cuts without much further improvement on inflation.”

Fed’s Focus Has Returned Firmly to Inflation

Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

By Lynn Cavanaugh | December 19, 2024

Employees of Seattle-based Weyerhaeuser Company filed a class-action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.

Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

Fed Lowers Interest Rates by a Quarter Point

By Amara Omeokwe | December 18, 2024

However, officials reduced their expected number of rate cuts for next year from four to two.

Fed Lowers Interest Rates by a Quarter Point

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