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Federal Reserve Chair Jerome Powell reiterated the Fed's cautious approach to interest rate cuts, waiting for 'more good inflation readings' before making a move. US inflation, measured by the PCE index, rose less than expected in February, keeping a rate cut on the table. Powell emphasized the importance of strong economic growth and labor market conditions in determining the timing of rate cuts.
Federal Reserve Chair Jerome Powell said that a new inflation report released Friday is "along the lines of what we want to see," sticking to an assertion that inflation is still on a "bumpy path" to the central bank's goal of 2%. https://t.co/UwzfsmtYaN
Jerome Powell says the Federal Reserve isn’t more tolerant of higher inflation. Give me a break. You have over 34 trillion reasons why you are more tolerant of higher inflation. Interest payments on debt are slowly creating a massive headache for the US government.
Greek central banker says ECB rate cuts of a total of 100 points possible this year https://t.co/1itpupaAZc https://t.co/gGgMJnohyX