Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
- The Federal Reserve plans to cut its key interest rate slowly, as inflation persists and policymakers want to observe its trajectory.
- Powell stated, "The economy is not sending any signals that we need to be in a hurry to lower rates."
- He believes that inflation will continue to decline toward the 2 percent objective, despite a "sometimes bumpy path.
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Coverage Details
Total News Sources0
Leaning Left14Leaning Right10Center19Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 33%
C 44%
R 23%
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