Fed Chair Jerome Powell Tempers Expectations on Rate Cuts
Update: 2024-04-16
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P.M. Edition for April 16. Federal Reserve Chair Jerome Powell said firmer-than-expected inflation and hiring have weakened the case for pre-emptive interest-rate cuts. And the International Monetary Fund says the global economy is picking up steam this year, but the poorest countries are falling behind. Economics reporter Paul Kiernan has more on the revised expectations. Plus, the U.S. Supreme Court hears arguments in a case that could affect hundreds of January 6th, 2021 prosecutions. Legal affairs correspondent Jan Wolfe has more. Annmarie Fertoli hosts.
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