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 Retirement Dreams Fade for Young Americans Amid Economic Challenges READ MORE Yuan Undercuts Dollar: A Shift in Global Currency Dynamics READ MORE Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE ZeroHedge: Silver: The Moment to Take Action Has Arrived READ MORE Add a Comment Cancel replyYour email address will not be published.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
