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.” Michael PiccoiniStrategic Planning, Leadership & Analysis Professional with a background in healthcare, manufacturing and retail. I have a strong understanding of the complex world of revenue Management and how to make it more relevant, understandable, and actionable for executive leadership across all levels of an organization. My career has spanned several years at UnitedHealth Group, Inc. I obtained my B. Comm from the University of Windsor and MBA from Wayne State University « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold hits record highs on safe-haven demand, US rate cut bets READ MORE China's Growing Gold Appetite READ MORE Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation READ MORE The Fed is meeting today. Here’s what experts are saying about the odds of a rate cut. READ MORE Mortgage Rates Continue to Climb in February READ MORE Add a Comment Cancel replyYour email address will not be published.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
