Reported about 22 hours ago
Federal Reserve Chair Jerome Powell stated that the Fed is not in a hurry to cut interest rates, emphasizing the need for caution and monitoring inflation progress. The current economic environment remains robust, allowing the Fed to pause after significant cuts in 2024. Powell indicated that policymakers are assessing how upcoming government policies may affect the economy, underscoring their commitment to achieving the inflation target without premature rate adjustments.
Source: YAHOO