Treasury Yields Rise as Fed’s Powell Emphasizes Patience on Rate Cuts Amid Inflation Concerns
Treasury yields climbed as Federal Reserve Chair Jerome Powell reiterated the central bank’s cautious stance on rate cuts, emphasizing the need for patience in tackling inflation. Speaking before the Senate Banking Committee, Powell warned that reducing policy restraint too quickly could undermine progress on inflation. His remarks echoed sentiments from January, when the Fed paused […] More