Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony Federal Reserve Chair Jerome Powell’s recent testimony to Congress signals a potential shift in the Fed’s approach to monetary policy. While acknowledging progress in combating inflation, Powell highlighted the cooling job market and the risks of maintaining high interest rates for too long. This balanced perspective suggests the Fed is moving closer to considering rate cuts, possibly as early as this year. Powell emphasized that while inflation remains above the 2% target, it has eased notably over the past two years. The Fed now faces the challenge of balancing its inflation fight with concerns about potentially weakening economic activity and employment, indicating a more nuanced approach to future rate decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Beyond the Numbers: The Varied Impact of Inflation READ MORE Gold Soars Amid Geopolitical Tensions: A Safe-Haven Surge READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE Dollar Nears Monthly Peak Amid Rising US Yields and Anticipation of Rate Cuts READ MORE Investor Alert: Double Top Pattern & The Looming Financial Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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