Reported about 1 year ago
Federal Reserve Chair Jerome Powell expressed optimism about recent inflation data, noting that further progress could strengthen the case for an interest rate cut. Powell highlighted the importance of achieving sustainable inflation and balancing the risks associated with adjusting interest rates too soon or too late. The Federal Reserve recently held rates steady at their highest level in 23 years, with policymakers open to potential cuts later this year pending greater confidence in inflation trends.
Source: YAHOO