Powell Hints at Rate Cuts Amid Growing Confidence in Inflation Slowdown
TL;DR Summary
Federal Reserve Chair Jerome Powell stated that the Fed will not wait until inflation hits 2% to cut interest rates, citing the delayed effects of monetary policy. Instead, the Fed seeks "greater confidence" that inflation will return to 2%, bolstered by recent positive inflation data. Powell also downplayed the likelihood of a "hard landing" for the U.S. economy.
- Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates CNBC
- Powell Signals Rate Cut Coming Into View but Declines to Say When The Wall Street Journal
- Recent inflation data ‘do add somewhat to confidence’ Fed can cut rates: Powell Yahoo Finance
- Fed’s Powell Says Recent Data Raise Confidence That Inflation Is On Path to 2% Bloomberg
- Powell says Federal Reserve is more confident inflation is slowing to its target San Francisco Chronicle
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