Reported about 17 hours ago
In his remarks to the House Financial Services Committee, Fed Chair Jerome Powell stated that the central bank is not in a hurry to cut interest rates, emphasizing the need for more economic data before making policy adjustments. While some FOMC members advocate for rate cuts due to decelerating inflation, Powell insists on waiting to assess the overall economic impact, including tariffs and GDP growth, as the Fed prepares for upcoming meetings.
Source: YAHOO