Reported about 15 hours ago
Federal Reserve Chair Jerome Powell highlighted the challenges in navigating monetary policy amid rising inflation and a weakening job market, stating there is 'no risk-free path' for future interest rate decisions. Despite recent cuts, Powell emphasized the Fed's dual mandate of maximum employment and price stability, with some officials advocating caution on further cuts to avoid exacerbating inflation. The debate continues within the Fed as they manage external pressures from the White House for additional reductions.
Source: YAHOO