Jerome Powell: Fed is wary of cutting rates too soon
Monday, 5 February 2024 Federal Reserve Chair Jerome Powell explained the central bank's rationale for interest rate cuts to a broader audience in an interview with CBS's 60 Minutes. He stated that Americans may have to wait beyond March for rate cuts, as more economic data is needed to confirm inflation heading down to 2%.
Jerome Powell Says the ‘Time Is Coming’ , for Interest Rate Cuts.
In an interview with '60 Minutes' on Jan. 4, the
Federal Reserve chair said the central bank is still on track
to reduce interest rates later this year, Fox News reports. .
There is no easy, simple, obvious
path. We have to...
Despite rising inflation, Federal Reserve Chair Jerome Powell has indicated that interest rate cuts won't occur in March. While the US economy is strong lie fades, high grocery and rent prices..
Monday, 5 February 2024
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