Reported 9 days ago
Jay Powell reaffirmed his intention to complete his term as Federal Reserve Chair until May 2026, emphasizing that the central bank is not rushed to lower interest rates due to the current strength of the economy. He stated that the Fed will closely monitor inflation while maintaining a careful approach to monetary policy, highlighting recent data that shows inflation remains below the 2% target. Powell also acknowledged potential challenges ahead but remains focused on how incoming economic data will influence the Fed's decisions.
Source: YAHOO