Federal Reserve Chairman Powell: The Federal Reserve may wait until after March to cut interest rates
Federal Reserve Chairman Powell stated that policy makers might wait until after March to cut interest rates. According to the transcript provided by Columbia Broadcasting System (CBS), Powell reiterated in an interview with the company's 60 Minutes program that Federal Reserve officials hope to see more economic data to ensure sustainable achievement of a 2% inflation target. Powell said, "The danger of acting too early is that the job is not fully accomplished, and the really good data from the past six months cannot truly indicate the direction of inflation to some extent."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: August CPI Expected to Rise, Easing Cycle Will Weaken the US Dollar
TD Securities: US CPI Will Dominate EUR/USD Trend
Michael Brown: Lower-than-expected PPI has no impact on the Federal Reserve's rate cut decision
Trending news
MoreCrypto prices
More








