Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary

📆 6/21/2023 3:45 PM
📰 WSJ

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Federal Reserve Chair Jerome Powell said the central bank was likely to raise interest rates in coming months after officials held them steady last week to study the effects of their previous, rapid increases to combat inflation

ByJerome Powell, as the chair of the U.S. Federal Reserve, appears to hold the country’s economic health in his hands.

It is a coveted role that has earned him both praise and criticism. Here’s how balancing aggressive and conservative policy got him to the top. Illustration: John McColgan for The Wall Street Journal

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