Powell: Fed May Cut Rates Before Inflation Hits 2% Target Federal Reserve Chair Jerome Powell expressed increased confidence that inflation is moving towards the 2% target, citing recent positive data. While declining to specify a timeline for rate cuts, Powell indicated that the Fed would likely reduce rates before inflation actually reaches 2%. This stance, along with recent favorable inflation reports, has bolstered market expectations for potential rate cuts later in 2024, with September being a widely anticipated timeframe. Powell’s comments suggest a cautiously optimistic outlook on inflation trends, potentially signaling a shift in the Fed’s monetary policy approach in the coming months. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Latest Stress Test Scenarios: Banks Brace for Hypothetical Global Recession READ MORE De-Dollarization: A Gradual Shift from US Currency Control READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Silver Hits Three-Year Peak, Gold at Record High READ MORE What is the Best Gold and Silver to Buy? READ MORE Add a Comment Cancel replyYour email address will not be published.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