-
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates. “We’ve made quite a bit of progress and in bringing inflation back down to our target,” Powell said at a central banking forum in Sintra, Portugal. “The last [inflation] reading and the one before it to a lesser, lesser extent, suggest that we are getting back on the disinflationary path. We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 2, 1:19pm (2 hr 57 min ago) Jul 2, 1:19pm (2 hr 57 min ago)
- Tradex.FX
- | Joined Nov 2023 | Status: Member | 36 Comments
- Comment #2
- Quote
- Jul 2, 2:18pm (1 hr 58 min ago) Jul 2, 2:18pm (1 hr 58 min ago)
- hotaggie98
- | Joined Aug 2010 | Status: Member | 169 Comments
- Comment #3
- Quote
- Jul 2, 3:32pm (44 min ago) Jul 2, 3:32pm (44 min ago)
-
Subdude
- | Joined Aug 2007 | Status: If it walks like a duck... | 567 Comments
- Comment #4
- Quote
- Jul 2, 4:14pm (2 min ago) Jul 2, 4:14pm (2 min ago)
- ffghost
- | Joined Mar 2024 | Status: Member | 171 Comments