17.2 C
New York
Saturday, September 7, 2024

Fed Chair Powell says interest rate cuts won’t start until inflation reaches this level

Federal Reserve Chair Jerome Powell said Wednesday the central bank won’t begin cutting its key interest rate “until it has gained greater confidence that inflation is moving sustainably toward” its 2% goal, noting the move will likely occur “at some point this year.” His comments, in prepared …

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,730FansLike
396,312FollowersFollow
2,310SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x