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Fed's Powell: Inclined to Gradually Lower Interest Rates This Year, Until Next Year
Summary: According to sources, Fed's Powell stated that he is inclined to gradually lower interest rates this year, until next year. The escalating risks faced by the job market should be the primary focus of monetary policy. The impact of tariffs on inflation has been smaller than expected so far. It is expected that tariffs will ...
According to sources, Fed's Powell stated that he is inclined to gradually lower interest rates this year, until next year. The escalating risks faced by the job market should be the primary focus of monetary policy. The impact of tariffs on inflation has been smaller than expected so far. It is expected that tariffs will raise inflation, but not lead to sustained increases. The exact level of the neutral interest rate is still unclear, but he advocates for caution in the speed of rate cuts.
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Link: Fed's Powell: Inclined to Gradually Lower Interest Rates This Year, Until Next Year [Copy]
