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Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates

  • Federal Reserve Chair Jerome Powell stated the bank won't wait for inflation to hit 2% before cutting interest rates.
  • Powell explained at the Economic Club of Washington D.C. That central bank policy has delays, so waiting could result in overshooting the target.
  • Powell highlighted the need for 'greater confidence' in inflation return to 2% rather than waiting for it to hit precisely 2%.
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ReutersReuters

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of slowed inflation and mulling whether to signal the start of interest rate cuts because of it.

·United Kingdom
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Associated Press NewsAssociated Press News

Powell says Federal Reserve is more confident inflation is slowing to its target

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

·United States
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abc Newsabc News

Powell says Federal Reserve is more confident inflation is slowing to its target

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point

·United States
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KIFIKIFI

Powell says Federal Reserve is more confident inflation is slowing to its target

AP Economics Writer WASHINGTON (AP) — Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty good pace,” Powell said of inflation in a question-and-answer question at the Economic Club of Washington. Those figures…

·Idaho Falls, United States
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The Washington PostThe Washington Post

Powell says recent data raise confidence inflation on path to 2%

Federal Reserve Chair Jerome Powell said second quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts.

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CNBCCNBC

Powell indicates Fed won't wait until inflation is down to 2% before cutting rates

Monday was Powell’s first public speaking appearance since the consumer price index report for June showed cooling inflation.

·United States
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Similar News Topics

Jerome PowellJerome Powell
US EconomyUS Economy
Central BankCentral Bank
Federal ReserveFederal Reserve
EconomyEconomy
InflationInflation
Interest RatesInterest Rates

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