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 The Day the Hunt Brothers Capped the Price of Gold (Part I) READ MORE MARKETS Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century READ MORE Middle East Tensions Rise: Recent Strikes Near U.S. Base in Syria Escalate Ongoing Conflict READ MORE STOCK BUBBLE: You Need To See This Data – 1929Again? READ MORE Add a Comment Cancel replyYour email address will not be published.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