WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
Federal Reserve Chair Jerome Powell speaks Wednesday during a news conference in Washington.
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Federal Reserve Chair Jerome Powell announced he will stay on as chair pro tem if his nominated successor Kevin Warsh is not confirmed by the Senate before May.
Cheddar- WYATTE GRANTHAM-PHILIPS Associated Press
Many Americans who have bid farewell to the workforce or are thinking about it are turning to places that offer affordability, a strong economy, quality health care options, less traffic, and overall, more comfort. Neighborhoods outside major cities and metropolitan areas have grown in popularity among retirees, with 26% moving to smaller towns, but the overall number of people moving for retirement is down.
In 2021, American retirement relocations dropped significantly—approximately 43% less than the previous year, its lowest number of retiree relocations in five years. The Economic Research Federal Reserve Bank of St. Louis suggests this was a result of the ongoing COVID-19 pandemic, soaring home prices, and retirees not having enough savings.
- Nicole Glass Photography // Shutterstock
- Population: 4,105 (16% age 55-64 and 40% age 65+)
- Homeowners: 82% of the population
- MiNiProduction // Shutterstock
- Population: 1,162 (17% age 55-64 and 28% age 65+)
- Homeowners: 100% of the population
- Diana Daley // Shutterstock
- Population: 7,597 (18% age 55-64 and 25% age 65+)
- Homeowners: 72% of the population
- Billwhittaker // Wikimedia Commons
- Population: 9,622 (15% age 55-64 and 23% age 65+)
- Homeowners: 78% of the population
- Nicole Glass Photography // Shutterstock
- Population: 11,077 (15% age 55-64 and 30% age 65+)
- Homeowners: 85% of the population
- Amy Kerkemeyer // Shutterstock
- Population: 1,271 (23% age 55-64 and 50% age 65+)
- Homeowners: 86% of the population
- Andrew F. Kazmierski // Shutterstock
- Population: 7,212 (16% age 55-64 and 19% age 65+)
- Homeowners: 81% of the population
- arthurgphotography // Shutterstock
- Population: 10,669 (20% age 55-64 and 40% age 65+)
- Homeowners: 79% of the population
- bsankow // Shutterstock
- Population: 1,028 (18% age 55-64 and 29% age 65+)
- Homeowners: 77% of the population
- Bob LoCicero // Shutterstock
- Population: 2,703 (14% age 55-64 and 26% age 65+)
- Homeowners: 77% of the population
- Jonathan Green // Wikimedia Commons
Best small towns for retirees in every state
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Best small towns for retirees in every state
Many Americans who have bid farewell to the workforce or are thinking about it are turning to places that offer affordability, a strong economy, quality health care options, less traffic, and overall, more comfort. Neighborhoods outside major cities and metropolitan areas have grown in popularity among retirees, with 26% moving to smaller towns, but the overall number of people moving for retirement is down.
In 2021, American retirement relocations dropped significantly—approximately 43% less than the previous year, its lowest number of retiree relocations in five years. The Economic Research Federal Reserve Bank of St. Louis suggests this was a result of the ongoing COVID-19 pandemic, soaring home prices, and retirees not having enough savings.
- Nicole Glass Photography // Shutterstock
- Population: 4,105 (16% age 55-64 and 40% age 65+)
- Homeowners: 82% of the population
- MiNiProduction // Shutterstock
- Population: 1,162 (17% age 55-64 and 28% age 65+)
- Homeowners: 100% of the population
- Diana Daley // Shutterstock
- Population: 7,597 (18% age 55-64 and 25% age 65+)
- Homeowners: 72% of the population
- Billwhittaker // Wikimedia Commons
- Population: 9,622 (15% age 55-64 and 23% age 65+)
- Homeowners: 78% of the population
- Nicole Glass Photography // Shutterstock
- Population: 11,077 (15% age 55-64 and 30% age 65+)
- Homeowners: 85% of the population
- Amy Kerkemeyer // Shutterstock
- Population: 1,271 (23% age 55-64 and 50% age 65+)
- Homeowners: 86% of the population
- Andrew F. Kazmierski // Shutterstock
- Population: 7,212 (16% age 55-64 and 19% age 65+)
- Homeowners: 81% of the population
- arthurgphotography // Shutterstock
- Population: 10,669 (20% age 55-64 and 40% age 65+)
- Homeowners: 79% of the population
- bsankow // Shutterstock
- Population: 1,028 (18% age 55-64 and 29% age 65+)
- Homeowners: 77% of the population
- Bob LoCicero // Shutterstock
- Population: 2,703 (14% age 55-64 and 26% age 65+)
- Homeowners: 77% of the population
- Jonathan Green // Wikimedia Commons
