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 Japan’s finance minister says ‘speculative’ moves in currency market impacting yen READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth READ MORE World Economic Forum (WEF) in Davos: The Polycrisis READ MORE Japan raises interest rates for first time in 17 years READ MORE Gold prices are at an all-time high—but experts like Warren Buffett don’t always recommend investing READ MORE Add a Comment Cancel replyYour email address will not be published.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
