Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
RBA Holds Rates but Warns of Rising Inflation Pressures 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/US-Feds-Powell-favors-raising-rates-fairly-gradual-22508/&media=https://www.econotimes.com/assets/images/econotimes/metaDefault.png&description=US Fed's Powell: favors raising rates "fairly gradual" - EconoTimes)
- timing and pace of rate rises will be data dependent
- sees no troubling buildup of frothy financial conditions
- favours raising rates "fairly gradually"
- expects inflation to gradually rise to Fed's 2% goal
- jobless rate understimates remaining labour market slack
- labour market progress continuing despite March data
- expects US economy will support rate lift-off later in 2015
- first rate rise could come as soon as June
- Fed should look for more proof that labour markets tightening
Fed's Powell aka "the lone Republican" in a speech in NY
