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 Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path Forward READ MORE World Economic Forum (WEF) in Davos: The Polycrisis READ MORE Argentina Eyes Economic Stability Through Dollarization: A Comparative Analysis READ MORE Silver’s 44 Year Cup & Handle “Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake” READ MORE Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks. READ MORE Add a Comment Cancel replyYour email address will not be published.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
