Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
- Jerome Powell stated that the Federal Reserve does not need to hurry to lower interest rates, as "the economy is not sending any signals that we need to be in a hurry to lower rates".
- Powell mentioned that inflation is approaching the Fed's 2% target, but confirmed it is "not there yet" during his speech in Dallas.
- He expects inflation to decrease, but warned that it will proceed "on a sometimes bumpy path".
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Coverage Details
Total News Sources0
Leaning Left13Leaning Right9Center19Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 32%
C 46%
R 22%
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