Federal Reserve Chairman Jerome Powell signaled that interest rates are unlikely to rise anytime soon, saying Monday that the central bank remains firmly committed to meeting its inflation goals. The Fed consider a 2% inflation rate to be a signal of sustainable growth and a level that keeps interest rates high enough to allow for mobility in the event of an economic downturn. However, inflation has run well below that level for 2019 despite three interest rate cuts over the past four months. As part of a speech he delivered in Providence, Rhode Island, Powell expressed a sense of urgency in meeting the inflation ... (full story)