# Powell sees inflation cooling, evading 'difficult situation' | AP News

> Fed Chair Jerome Powell said inflation appears to be cooling and he hopes to avoid a difficult policy trade-off. Keeping benchmark rates near zero supports hiring but could let inflation worsen.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44968-powell-sees-inflation-cooling-evading-difficult-situation-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations for policy tightening influence the dollar and borrowing costs, with indirect bearish implications for commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-22 | [Powell says inflation risks rising, but Fed can be 'patient' \| AP News](https://feedsoft.ai/events/44436-powell-says-inflation-risks-rising-but-fed-can-be-patient-ap-news.md) | -0.2% | +1.4% |
| 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 | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.5% | -1.4% |
| 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 | 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-prices-inflation-jerome-powell-congress-bfa0072d183bc25c9784e8d0e44c0f98

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