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 Upcoming Jobs and CPI Reports Crucial for Fed's Interest Rate Decision READ MORE U.S. GDP Growth Slows to 1.3% in Q1 Amid Weaker Consumer Spending READ MORE Gold Prices Soar to New Heights Defying Critics READ MORE ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns READ MORE Gold Rallies on Mixed US Employment Report, Fed Rate Cut Hopes Grow READ MORE Add a Comment Cancel replyYour email address will not be published.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