Powell Points to Two More Normal-Size Rate Cuts This Year
WEB21 hours ago · Those showed that policymakers thought they would lower rates by another half percentage point by the end of 2024. “That would mean two more cuts, it wouldn’t mean more 50s,” Mr. Powell said ...
Fed's Powell: US economy solid, gradual interest rate cuts coming
WEB21 hours ago · At their last meeting Sept. 18, Fed officials reduced their rate to 4.8%, from a two-decade high of 5.3%, and penciled in two more quarter-point rate cuts in November and December. On Monday, Powell said that remains the most likely outcome. “If the economy performs as expected, that would mean two more cuts this year,” both by …
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB21 hours ago · Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any ...
Fed Chair Powell says the US economy is in 'solid shape' with …
WEB21 hours ago · Mon, Sep 30, 2024, 2:01 PM 3 min read. WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed will ...
Jerome Powell: The Fed has 'growing confidence' inflation is cooling
WEB17 hours ago · Inflation eases as Powell says soft landing is in sight. Powell said that the Fed's rate cut was a sign of confidence that monetary policy was cooling inflation after years of higher interest rates.
Fed Announces Big Rate Cut - The New York Times
WEBSep 18, 2024 · Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEBSep 18, 2024 · Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large...
WATCH: Federal Reserve Chair Powell speaks after Fed announces …
WEBSep 18, 2024 · WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame...
Fed Chair Powell says 'time has come' for interest rate cut - NBC …
WEBAug 23, 2024 · Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.
Powell hints more interest rate cuts are ahead - Fortune
WEB21 hours ago · Powell says more rate cuts are coming in remarks praising ‘solid’ economy. “Overall, the economy is in solid shape,” Powell said in written remarks. “We intend to use our tools to keep ...