Photo: Jerome Powell, chairman of the U.S. Federal Reserve, speaks during Stanford's 2024 Business, Government, and Society forum in Stanford, California, on April 3, 2024. Photographer: Loren Elliott/Bloomberg Jerome Powell, chairman of the U.S. Federal Reserve, speaks during Stanford's 2024 Business, Government, and Society forum in Stanford, California, on April 3, 2024. Photographer: Loren Elliott/Bloomberg

Federal Reserve Chair Jerome Powell signaled that U.S. central bankers will wait longer to cut borrowing costs following a series of surprisingly high inflation readings, which reduces room for easier policy around the world.

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