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Rate cuts are still underway
Jerome Powell says Fed Isn't in Hurry to Cut Interest Rates
"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.
13h
Fed Chair Powell Says There’s No Need to ‘Hurry’ to Cut Rates
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank ...
The Boston Globe
18h
Trump, the Fed, and an almost inevitable showdown over interest rates
At least for now. Trump, who appointed Powell as
Fed
chair, weighed firing him in a disagreement over interest
rates
in ...
1d
Fed Officials Fret Over How Far They Can Lower Interest Rates
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...
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