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Federal Reserve Chairman Jerome Powell speaks on Friday during the “Monetary Policy Views” panel at the central bank’s Thomas Laubach Research Conference in Washington, D.C.
The comments came as markets were suddenly divided on the Fed’s next move.Market pricing on Friday morning indicated About 35% chance According to CME Group, the Federal Reserve may approve another rate hike at its June meeting.
Recent data suggest that the economy and labor market are resilient, with inflation, while off its highs in 2022, still well above the Fed’s 2% target.
In recent days, Dallas-based regional president Lorie Logan and Cleveland’s Loretta Mester have said they are more inclined to raise money, while Chicago’s Austan Goolsbee and Atlanta’s Raphael Bostic have backed a more cautious approach.
The Fed next week will release the minutes of its early May meeting, where it approved its 10th rate hike since March 2022.
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