Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says Wants more evidence inflation is moving sustainably at 2% Fed chief suggests central bank is close to adjusting rates Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. “When we do get that confidence — and we’re not far from it — it’ll be appropriate to begin to dial back the level of restriction.” « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE New Highs For Gold & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Add a Comment Cancel replyYour email address will not be published.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
