Powell Reiterates Fed Needs More Confidence on Inflation to Cut
Federal Reserve Chair Jerome Powell told Congress in March 2024 that the Fed would likely cut its key interest rate that year, but that it first wanted more confidence that inflation was coming down and was in no rush.
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5 viewpointsFed Chair Powell’s testimony to be watched for any hint on rate-cut timing
Live updates: Markets await rate cut details from Fed Chair Powell as he testifies before Congress
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9 viewpointsFed Chair Powell Sticks To Script in First Congress Appearance This Week
Powell reinforces position that the Fed is not ready to start cutting interest rates
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3 viewpointsJerome Powell is walking on eggshells when it comes to interest rates, saying cuts are 'likely' but warning he can't do anything 'too soon'
Fed Chair Powell's testimony to be watched for any hint on rate-cut timing
Fed Chair Jerome Powell still expects rate cuts this year, but says inflation progress ‘not assured’
Powell says Fed won't rush to cut interest rates until inflation is conquered
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