Fed’s Powell: The ‘Disinflationary Process’ Has Begun

Federal Reserve Chair Jerome Powell on Tuesday reiterated that continued interest-rate increases will be appropriate, and that the “disinflationary process” has begun.

Powell’s remarks come in the wake of last week’s interest-rate increase of 0.25 percentage point, followed by Friday’s blowout jobs number. Markets have been anticipating the central bank will pause rate hikes or even cut soon, and investors and economists will parse Powell’s words for clues to the central bank’s latest thinking.