The Fed's Powell: The time has come' to begin reducing interest rates
Briefly

from www.mercurynews.com5 months ago
Chair Jerome Powell stated, "The time has come for policy to adjust," indicating that the Federal Reserve is ready to lower interest rates as inflation stabilizes.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/23/powell-at-jackson-hole-the-time-has-come-for-the-fed-to-soon-begin-reducing-interest-rates-2/
Powell expressed confidence in the inflation trajectory, noting that it has fallen to 2.5%, significantly less than its peak, stating, "I have grown confident that inflation is on a sustainable path back to 2%."
www.mercurynews.comhttps://www.mercurynews.com/2024/08/23/powell-at-jackson-hole-the-time-has-come-for-the-fed-to-soon-begin-reducing-interest-rates-2/
Read at www.mercurynews.com
#federal-reserve #interest-rates #inflation #economic-policy #jerome-powell
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