Fed Chair Powell signals rate cuts will be coming soon
"After months of struggling in terms of the timetable and path for rate cuts, Federal Reserve Chair Jerome Powell recently expressed concern that holding interest rates too high for too long could jeopardize economic growth, signaling that rate cuts will be coming soon. ."
"He said in remarks for appearances on Capitol Hill that "Reducing policy restraint too late or too little could unduly weaken economic activity and employment”. ."
"Powell said the economy remains resilient as does the labor market, despite some recent cooling. Powell cited some easing in inflation, which he said policymakers would stay resolute in bringing down to their 2% inflation target.."
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