Fed chair signals gradual rate hikes in tame inflation era

Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday that with the unemployment rate at an 18-year low of 3.8 ...

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Fed chair signals gradual rate hikes in tame inflation era

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