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Powell stresses need for more evidence that inflation is easing before cutting rates
Federal Reserve Chair Jerome Powell said Wednesday that it will take time for policymakers to assess the current state of inflation, keeping uncertainty about the timing of potential interest rate cuts.
Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy.
"On inflation, it's too early to say whether the recent readings represent anything more than a blip," Powell said in remarks ahead of a question-and-answer session at Stanford University.
"We do not expect it to be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably towards 2%," he added. "Given the strength of the economy and the progress on inflation so far, we have time to let incoming data guide our policy decisions."
These statements come a week after the Federal Open Market Committee voted again in favor of keeping short-term benchmark interest rates stable. In addition, the statement following the Committee's March 20 meeting included the qualification of "greater confidence" necessary before applying cuts.
#HotTrends #TrenddingTopic #Inflacion
Federal Reserve Chair Jerome Powell said Wednesday that it will take time for policymakers to assess the current state of inflation, keeping uncertainty about the timing of potential interest rate cuts.
Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy.
"On inflation, it's too early to say whether the recent readings represent anything more than a blip," Powell said in remarks ahead of a question-and-answer session at Stanford University.
"We do not expect it to be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably towards 2%," he added. "Given the strength of the economy and the progress on inflation so far, we have time to let incoming data guide our policy decisions."
These statements come a week after the Federal Open Market Committee voted again in favor of keeping short-term benchmark interest rates stable. In addition, the statement following the Committee's March 20 meeting included the qualification of "greater confidence" necessary before applying cuts.
#HotTrends #TrenddingTopic #Inflacion
Powell stresses need for more evidence that inflation is easing before cutting rates
Federal Reserve Chair Jerome Powell said Wednesday that it will take time for policymakers to assess the current state of inflation, keeping uncertainty about the timing of potential interest rate cuts.
Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy.
"On inflation, it's too early to say whether the recent readings represent anything more than a blip," Powell said in remarks ahead of a question-and-answer session at Stanford University.
"We do not expect it to be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably towards 2%," he added. "Given the strength of the economy and the progress on inflation so far, we have time to let incoming data guide our policy decisions."
These statements come a week after the Federal Open Market Committee voted again in favor of keeping short-term benchmark interest rates stable. In addition, the statement following the Committee's March 20 meeting included the qualification of "greater confidence" necessary before applying cuts.
#HotTrends #TrenddingTopic #Inflacion
Federal Reserve Chair Jerome Powell said Wednesday that it will take time for policymakers to assess the current state of inflation, keeping uncertainty about the timing of potential interest rate cuts.
Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy.
"On inflation, it's too early to say whether the recent readings represent anything more than a blip," Powell said in remarks ahead of a question-and-answer session at Stanford University.
"We do not expect it to be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably towards 2%," he added. "Given the strength of the economy and the progress on inflation so far, we have time to let incoming data guide our policy decisions."
These statements come a week after the Federal Open Market Committee voted again in favor of keeping short-term benchmark interest rates stable. In addition, the statement following the Committee's March 20 meeting included the qualification of "greater confidence" necessary before applying cuts.
#HotTrends #TrenddingTopic #Inflacion
