Fed’s Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Headline from The Columbian
WASHINGTON (AP) — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is f
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Federal Reserve Chair Jerome Powell begins two days of testimony to Congress on Wednesday, with two issues likely to dominate the questions he’ll face: When will the Fed start cutting interest rates, and by how much.
The Fed chief is on Capitol Hill for the first of two days of his semiannual monetary policy testimony and is scheduled to appear before the Senate Banking Committee on Thursday.
The Federal Reserve is in no rush to cut interest rates, according to Fed Chair Jerome Powell’s written testimony submitted to congressional lawmakers, released Wednesday. That means more pain for Americans, who have already faced almost two years of elevated borrowing costs on everything from car l…
WASHINGTON (AP) — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is f
Despite pressures from lawmakers Wednesday, Jerome Powell didn't provide fresh insight into how the Federal Reserve is thinking about rate cuts. While rate cuts are likely, he said the Fed would like more confidence that inflation won't return before making moves.
Federal Reserve Chairman Jerome Powell said during congressional testimony Wednesday that the central bank is in no rush to start cutting interest rates.
Wall Street is desperate for a rate cut, but Fed Chair Jerome Powell is keeping them waiting. Here's what could unfold when he testifies before Congress Wednesday on the central bank's policies.
The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the country's central bank told lawmakers in Washington Wednesday, on the first of two days of hearings in…
Fedeal Reserve Chairman Jerome Powell told US lawmakers that he still expects rate cuts later this year, but progress on lowering inflation "is not assured."
Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation
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Fed’s Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed | Since Then
