"Powell Emphasizes Patience on Rate Cuts and Positive Inflation Trends"
TL;DR Summary
Federal Reserve Chair Jerome Powell reiterated that the central bank is not in a rush to cut interest rates, citing the strong pace of US economic growth and a robust labor market as reasons to be confident about inflation coming down before taking the step of cutting rates.
- Powell Reiterates Fed Doesn’t Need to Be In Hurry to Cut Rates Bloomberg
- Interest Rates, Inflation, and What Else Could Come Up in Powell's Speech Barron's
- Remarks from Chair Jerome H. Powell at the Macroeconomics and Monetary Policy Conference Federal Reserve Bank of San Francisco
- Fed Chair Says Central Bank Need Not 'Hurry' to Cut Rates The New York Times
- New inflation reading 'along the lines of what we want to see': Fed's Powell Yahoo Finance
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