Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle Federal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared to do so immediately. This stance aligns with recent sentiments from various Fed officials who highlight the current strength of the economy and labor market as reasons to wait for clearer signs of inflation returning to target levels before considering rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Commodities Feed: Gold Nears $2,200/oz READ MORE Fed's Rate Hikes Propel Global Shift Away from U.S. Dollar, Says Atlantic Council READ MORE Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE UK Inflation comes out lower. But was this just the warm up? READ MORE The Declining Yen: A Look into Its Battle Against the Dollar READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment