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Federal Reserve Chair Jerome Powell and other officials have emphasized the need for more data and deliberation before considering interest rate cuts. Powell stated that the Fed will wait for clearer signs of lower inflation before making any decisions, despite recent higher-than-expected inflation readings. Richmond Fed President Thomas Barkin and Dallas Fed President Lorie Logan echoed similar sentiments, highlighting the risks of cutting rates too soon and the importance of assessing inflation trends. They emphasized the need for caution and patience in adjusting monetary policy.
Fed's Bowman says time hasn't arrived for cutting rates https://t.co/kERx3WGKFO https://t.co/L2I0Vwp6j7
⚠️ JUST IN: *FED'S BOWMAN: INFLATION PROGRESS HAS STALLED *BOWMAN: WON'T BE COMFORTABLE CUTTING RATES UNTIL DISINFLATION RETURNS https://t.co/lbeDNsx2OQ
#Fed Bowman: "While it is not my baseline outlook, I continue to see risk that at future meeting we may need to increase the policy rate further should progress on inflation stall or reverse.. [Cutting] too soon/quickly could result in inflation rebound" https://t.co/Z1DyMfMqEX