Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts Federal Reserve Chair Jerome Powell’s 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 September. Powell’s comments reflect a more nuanced view of economic risks, balancing the need to control inflation with concerns about potentially weakening economic activity and employment. The testimony comes amid mixed economic data, with inflation remaining above the Fed’s 2% target but showing signs of easing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Economic Recession and Yen Depreciation Push Japan Behind Germany READ MORE Money vs. Currency: The Great Gold & Silver Rush READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE ZeroHedge: Questions About Gold The CFTC And Fed Won’t Answer READ MORE Copper Surges over $9,000 READ MORE Add a Comment Cancel replyYour email address will not be published.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