P.M. Edition for April 16. Federal Reserve Chair Jerome Powell said firmer-than-expected inflation and hiring have <a href="https://www.wsj.com/economy/central-banking/powell-dials-back-expectations-on-rate-cuts-00e3e5d0?st=82vjukqev6v9zq7&reflink=desktopwebshare_permalink">weakened the case for pre-emptive interest-rate cuts</a>. And the International Monetary Fund says <a href="https://www.wsj.com/economy/global/global-economy-is-picking-up-steam-but-poorest-countries-are-falling-behind-imf-says-81f42f74?st=oizjaldp0cg6vdl&reflink=desktopwebshare_permalink">the global economy is picking up steam this year</a>, but the poorest countries are falling behind. Economics reporter <a href="https://www.wsj.com/news/author/paul-kiernan">Paul Kiernan</a> has more on the revised expectations. Plus, the U.S. Supreme Court hears arguments in a case that could affect <a href="https://www.wsj.com/us-news/law/supreme-court-takes-up-jan-6-case-that-could-affect-hundreds-of-prosecutions-d56be243?st=lfufcvxa8bdp3wq&reflink=desktopwebshare_permalink">hundreds of January 6th, 2021 prosecutions</a>. Legal affairs correspondent <a href="https://www.wsj.com/news/author/jan-wolfe">Jan Wolfe</a> has more. Annmarie Fertoli hosts.

Listening on Google Podcasts? <a href="https://www.wsj.com/tech/google-podcasts-e100656c?st=0q6q77a4arjdc9p&reflink=desktopwebshare_permalink">Here's our guide</a> for switching to a different podcast player.
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Fed Chair Jerome Powell Tempers Expectations on Rate Cuts

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