BusinessInflation Worsened in January—What This Means for Fed Rate Cuts‘I would say we’re close, but not there on inflation,’ said Fed Chair Jerome Powell.00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintFederal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch TimesAndrew Moran2/13/2025|Updated: 2/13/20250:00X 1Inflation is heading in the wrong direction, prompting financial markets to reconsider their monetary policy expectations.“Biden inflation up!” President Donald Trump said in a Truth Social post shortly after the January consumer price index (CPI) report.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentAndrew MoranAuthorAndrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."Author’s Selected ArticlesSeptember Producer Inflation Rises as Goods Costs AccelerateNov 25, 2025Private-Sector Job Losses Accelerated in Past 4 Weeks: ADPNov 25, 2025Shoppers Keep Their Wallets Open as US Retail Sales Tick Up in SeptemberNov 25, 2025SitusAMC Cyberattack Triggers Alarm Across Wall Street BanksNov 24, 2025
