Powell warns Fed could face rising inflation and weaker labor market, will wait on rate cuts

The Federal Reserve could face the “challenging scenario” of rising inflation at the same time the U.S. labor market is weakening, Fed Chair Jerome Powell said Wednesday.

Apr 16, 2025 - 20:16
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Powell warns Fed could face rising inflation and weaker labor market, will wait on rate cuts
The Federal Reserve could face the “challenging scenario” of rising inflation at the same time the U.S. labor market is weakening, Fed Chair Jerome Powell said Wednesday.