# Powell says inflation risks rising, but Fed can be 'patient' | AP News

> Fed Chair Powell said inflation risks are rising but the Fed can be patient before lifting its benchmark rate. He suggested the economy may be ready for a rate hike next year.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A delayed rate path keeps the dollar from strengthening sharply, a modest support for dollar-denominated commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-30 | [Powell sees inflation cooling, evading 'difficult situation' \| AP News](https://feedsoft.ai/events/44968-powell-sees-inflation-cooling-evading-difficult-situation-ap-news.md) | +0.0% | -1.1% |
| DXY | 2025-06-18 | [Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead](https://feedsoft.ai/events/24108-fed-keeps-rates-steady-but-pencils-in-two-cuts-by-end-of-2025-powell-sees.md) | -0.1% | +0.1% |
| DXY | 2022-08-26 | [fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times](https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times.md) | +1.1% | +3.4% |
| DXY | 2021-10-19 | [Fed's Waller: 'More aggressive' response may be needed if inflation stays high](https://feedsoft.ai/events/44434-fed-s-waller-more-aggressive-response-may-be-needed-if-inflation-stays-high.md) | -0.3% | +1.0% |
| DXY | 2023-08-28 | [US Dollar Index News: DXY Reacts to Powell’s Speech, Rate Hike Speculations Rise \| FXEmpire](https://feedsoft.ai/events/34785-us-dollar-index-news-dxy-reacts-to-powell-s-speech-rate-hike-speculations-rise.md) | +0.2% | +1.3% |

## Sources

- apnews.com: https://apnews.com/article/business-economy-prices-inflation-jerome-powell-e40680fde1db7758d1508c80701acde6

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.