Powel Says Fed on Track to Cut Interest Rates 3 Times This Year Federal Reserve Chair Jerome Powell announced plans to reduce interest rates three times within the year, signaling a start potentially by May. Despite recent aggressive rate hikes to combat inflation, Powell expressed optimism about the U.S. economy’s strength and dismissed recession fears. This strategy suggests a shift towards easing the financial conditions, reflecting confidence in economic stability and growth potential. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts InvestingHaven Reveals Seven Charts that Shows Silver is Undervalued READ MORE Crude Edges Higher as Hurricane Francine Threatens U.S. Output READ MORE Defying Conventional Thinking: Gold Gains Against Rising Rates and a Robust Dollar READ MORE 50-Point Rate Cut Back on the Table — Gold Hits Record Highs READ MORE Gold at Two-Week Low, Copper Below $9,000/t READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment