Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says Wants more evidence inflation is moving sustainably at 2% Fed chief suggests central bank is close to adjusting rates Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. “When we do get that confidence — and we’re not far from it — it’ll be appropriate to begin to dial back the level of restriction.” « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium READ MORE SSR Mining Stops Gold Production after Landslide in Turkey READ MORE Cash-Strapped Pakistan to Introduce New Series of Currency Notes READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE Dimon Warns: US Economic Outlook Uncertain, Recession RiskLingers READ MORE Add a Comment Cancel replyYour email address will not be published.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