Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.

For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.

We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.

The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.

Fed watchers pore over the document in minute detail in search of clues about future rate hikes.

Jerome Powell says the Fed is committed to getting inflation down to 2%.

The inflation threat calls for one type of action, and the banking turmoil calls for another. How will the Fed respond?

“It’s clear there have been some shifts in the economy that just make their policies less effective,” says Neil Irwin of Axios.

January was an outlier for jobs, spending and inflation — but can we rely on seasonally adjusted data when the past three Januarys have been so weird?

Strong consumer spending and job gains so far in 2023 spur Fed Chair Powell to double down on rate hikes.