Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts from celina powell xxx Watch Video
Preview(s):
Gallery
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38 👁 View: 470K times ✓ Published: 07-Mar-2024
Description: Fed Chair Jerome Powell reiterated the Fed's position that policymakers are not yet ready to cut interest rates in prepared congressional testimony on Wednesday. Powell said the Fed will carefully assess incoming data and the evolving economic outlook before adjusting rates. He noted the Fed expects it will be appropriate to start reducing rates once there is greater confidence that inflation is sustainably moving toward the 2% target. Powell's comments indicate the Fed remains concerned about losing progress on inflation and will rely on data, not a preset course, for rate decisions.
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)