Powell Reinforces Position that the Fed is Not Ready to Start Cutting Interest Rates

CNBC, March 6, 2024–Jeff Cox
In prepared remarks for appearances on Capitol Hill, Fed Chair Jerome Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up too quickly.

“The Committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the central bank leader said.
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