Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Powell says Fed needs more inflation evidence before cutting interest rates By: FOX Business April 03, 2024 at 12:29 PM EDT Federal Reserve Chair Jerome Powell reiterated that policymakers need to see more evidence that inflation has subsided before they cut interest rates. Federal Reserve Chair Jerome Powell on Wednesday stressed the need for more evidence that inflation is subsiding before policymakers move to cut interest rates. "On inflation, it is too soon to say whether the recent readings represent more than just a bump," Powell said in prepared remarks ahead of a question-and-answer session at Stanford University. "We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent."This is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Powell says Fed needs more inflation evidence before cutting interest rates By: FOX Business April 03, 2024 at 12:29 PM EDT Federal Reserve Chair Jerome Powell reiterated that policymakers need to see more evidence that inflation has subsided before they cut interest rates. Federal Reserve Chair Jerome Powell on Wednesday stressed the need for more evidence that inflation is subsiding before policymakers move to cut interest rates. "On inflation, it is too soon to say whether the recent readings represent more than just a bump," Powell said in prepared remarks ahead of a question-and-answer session at Stanford University. "We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent."This is a developing story. Please check back for updates.