The Federal Reserve is set to meet this week to deliberate on the timing and magnitude of potential interest rate cuts, amidst discussions on the adequacy of its current monetary policy. A key consideration for the Fed is to determine the extent to which it has managed to moderate demand through its policy adjustments. The possibility of a rate cut as soon as June is being kept open by Fed Chair Jerome Powell, despite a resilient economy that suggests monetary policy may not be overly restrictive. This resilience has led to diminishing hopes for early rate cuts, as noted by Nick Timiraos in the WSJ on March 17, 2024.