Powell Signals Potential Rate Cuts Pending Inflation Control Federal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, subsequent reports have indicated a rise in inflation from December to January, alongside a boost in employment, signaling that the economy continues to be robust. Despite the recent inflationary uptick, Powell remained unperturbed, highlighting that, according to the Fed’s preferred measure, inflation has significantly moderated over the last year, even though it still surpasses the Fed’s target. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rates Continue to Climb in February READ MORE Russian grain chief says BRICS exchange idea gaining traction READ MORE Dollar eases as market awaits key inflation data READ MORE Treasury Rally Stalls as Economic Concerns Overtake Haven Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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