Powell likely to signal that lower inflation is needed before Fed would cut rates – Winnipeg Free Press
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Source: winnipegfreepress.com
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Jerome Powell, chairman of the US Federal Reserve has said, 'if higher inflation does persist, we can maintain the current level of for as long as needed.'
Powell likely to signal that lower inflation is needed before Fed would cut rates from 41NBC News | WMGT-DT
Jerome Powell is expected to hold the base rate at the Federal Reserve meeting today as he continues to battle inflation.
High inflation could stifle the two expected rate cuts from the Fed this year, with some analysts worried that there may be none at all.