Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says Federal Reserve Chair Jerome Powell indicated that the Fed is nearing the point of being confident enough to begin reducing interest rates. Speaking to the Senate Banking Committee, Powell highlighted that the central bank’s main condition for this shift is gaining assurance that inflation will stabilize around the 2% target. According to Powell, once the Fed attains this level of confidence, which he suggests is not far off, it will consider it appropriate to start easing the current restrictive monetary policy. This statement offers a glimpse into the Fed’s strategic outlook on managing inflation and interest rates, suggesting a potential upcoming shift in policy to stimulate economic growth. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Breakout Confirmed READ MORE China's Gold Market: ETF Inflows Surge Despite Weak Wholesale Demand in June READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Israel and U.S. Brace for Potential Retaliation from Iran and Hezbollah READ MORE Geopolitical Strains Fail to Boost Oil Prices as Markets React Cautiously READ MORE Add a Comment Cancel replyYour email address will not be published.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