Powell on rate cut: Fed would not wait for 2% inflation to consider rate cut: Powell

Powell on rate cut: Fed would not wait for 2% inflation to consider rate cut: Powell

Washington, Jul 10, 2024 -The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. “We’ve said that you don’t want to wait until inflation gets all the way down to two percent, because inflation … Read more