Fed's Powell: More Evidence Needed Before Rate Cut Considerations Federal Reserve Chair Jerome Powell, in his recent congressional testimony, acknowledged progress in curbing inflation but emphasized the need for more consistent data before considering interest rate cuts. While expressing some confidence in inflation’s downward trend, Powell remains cautious about declaring it sustainably approaching the Fed’s 2% target. He highlighted the delicate balance between addressing inflation and maintaining employment, noting that the risks of acting too quickly or too slowly on rate adjustments are now more evenly balanced. Powell’s stance suggests a cautious approach to monetary policy changes, with the Fed closely monitoring economic indicators before making any decisions on rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates READ MORE Mining Stocks Lag Behind as Gold Prices Shine: A Rally on the Horizon? READ MORE A Closer Look at HSBC’s New Gold Token READ MORE Citigroup and BofA Bullish on Gold: Analysts Predict 25% Surge to $3,000 READ MORE US Economy Q2 Growth Revised Up to 3% on Strong Consumer and Business Activity READ MORE Add a Comment Cancel replyYour email address will not be published.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