Jerome Powell urges patience on rate cuts after key inflation index higher than expected
![Jerome Powell urges patience on rate cuts after key inflation index higher than expected](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F05%2Fnewspress-collage-gjfg3je5z-1715705599876.jpg?quality%3D90%26strip%3Dall%261715691272)
Powell made his comments just hours after the Bureau of Labor Statistics released data showing that wholesale prices rose more than expected in April.
Powell made his comments just hours after the Bureau of Labor Statistics released data showing that wholesale prices rose more than expected in April.