---
title: BREAKING >>> Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
description: "SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):\n1. Recent data \"shows lack of further progress on inflation\"\n2. Inflation has \"introduced new uncertainty\" on whether the Fed can cut rates later this year\n3. Fed can maintain higher rates for \"as long as needed\"\n4. Recent data has not given greater confidence on inflation\n5. Restrictive Fed policy needs more time to work\n6. It will likely take longer to \"regain confidence\" on inflation\n\nhttps://lnkd.in/eMaJZNZZ\n\nSource: CNBC, The Kobeissi Letter, Trend Spider"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING \>\>\> Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation](https://blog.syzgroup.com/syz-the-moment/breaking-fed-chair-powell-says-there-has-been-a-lack-of-further-progress-this-year-on-inflation)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 17, 2024, 11:47:15 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/breaking-fed-chair-powell-says-there-has-been-a-lack-of-further-progress-this-year-on-inflation)

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