Comments from U.S. Federal Reserve chair Jerome Powell during a recent news conference could have an impact on green-energy investment this year. Shortly after a Federal Open Market Committee meeting held in early May, 2024, Powell said that the Federal Reserve was unlikely to raise benchmark interest rates this year but noted that policymakers weren’t in a rush to lower interest rates from 5.25%–5.5% either.
When asked when the Fed might finally cut benchmark interest rates, Powell said he had no idea how long it would take. As it stands, the nascent renewables market’s growth is significantly dependent on interest rates. Green projects tend to have high initial costs, but their low running costs make them…
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