🇺🇸 Federal Reserve Chairman Jerome Powell said Monday that the Fed won't wait until inflation falls to 2% to start cutting interest rates.
"The implication of that is that if you wait for inflation to go down to 2%, you've probably waited too long, because the tightening you do, or the level of tightening you have, is still having effects which will likely drive inflation below 2%.
“We want to be more convinced that inflation is sustainably approaching our 2% target.”
"What builds that confidence is good inflation data. And lately we've had some of that."
https://www.foxbusiness.co...
"The implication of that is that if you wait for inflation to go down to 2%, you've probably waited too long, because the tightening you do, or the level of tightening you have, is still having effects which will likely drive inflation below 2%.
“We want to be more convinced that inflation is sustainably approaching our 2% target.”
"What builds that confidence is good inflation data. And lately we've had some of that."
https://www.foxbusiness.co...
Fed's Powell says officials won't wait until inflation reaches 2% to cut rates | Fox Business
Federal Reserve Chair Jerome Powell said Monday that policymakers will not wait until inflation falls to 2% before they pivot to cutting interest rates.
https://www.foxbusiness.com/economy/feds-powell-says-officials-wont-wait-until-inflation-reaches-2-cut-rates
9 months ago
