Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S. (Photographer: Aaron P. Bernstein/Bloomberg)  

Powell Signals Prolonged Fed Pause as Inflation Lags, Risks Loom

(Bloomberg) -- Federal Reserve Chairman Jerome Powell said interest rates could be on hold for “some time” as global risks weigh on the economic outlook and inflation remains muted.