Fed's Powell Hints at Rate Cuts Amid Cooling Inflation
TL;DR Summary
Federal Reserve Chair Jerome Powell welcomed the recent cooling of inflation but refrained from indicating when the central bank might cut interest rates. Despite some economists advocating for an earlier rate cut due to moderating inflation, Powell did not provide a clear timeline, maintaining cautious optimism about the economic outlook.
- Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing The New York Times
- Powell Signals Rate Cut Coming Into View but Declines to Say When The Wall Street Journal
- Fed’s Powell Says Recent Data Raise Confidence Inflation on Path to 2% Bloomberg
- WATCH LIVE: Fed Chair Powell discusses current state of US economy Fox News
- Powell indicates Fed won't wait until inflation is down to 2% before cutting rates NBC News
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