Reported about 7 hours ago
In a recent testimony before Congress, Federal Reserve Chair Jerome Powell emphasized the Fed's cautious approach to interest rates, which aligns with the insights provided by former vice chair Richard Clarida. He noted that while the Fed has made progress in reducing inflation from nearly 6% to about 2.5%, challenges remain. Clarida remains optimistic, suggesting that disinflation could potentially resume in 2025 as the economy transitions away from winter.
Source: YAHOO