BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/US-Feds-Powell-favors-raising-rates-fairly-gradual-22508/&media=https://www.econotimes.com/assets/images/econotimes/metaDefault.png&description=US Fed's Powell: favors raising rates "fairly gradual" - EconoTimes)
- timing and pace of rate rises will be data dependent
- sees no troubling buildup of frothy financial conditions
- favours raising rates "fairly gradually"
- expects inflation to gradually rise to Fed's 2% goal
- jobless rate understimates remaining labour market slack
- labour market progress continuing despite March data
- expects US economy will support rate lift-off later in 2015
- first rate rise could come as soon as June
- Fed should look for more proof that labour markets tightening
Fed's Powell aka "the lone Republican" in a speech in NY
