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Fed's Powell Says No Need to Hurry Rate Cuts
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
Fed Chair Powell's Speech
Video: LIVE: Dallas Chamber of Commerce hosts discussion with Federal Reserve Chair Jerome Powell
Dallas Chamber of Commerce hosts discussion with Federal Reserve Chair Jerome Powell Watch live as the Dallas Chamber of Commerce hosts a discussion with Federal Reserve Chair Jerome Powell. #federalreserve #news ------------------------------------------------------ LiveTube | Latest Breaking News and Live Video Pioneering LIve News.
Watch Fed Chair Powell speak live to business leaders in the Dallas area
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.
When Is Fed Chair Powell's Speech and How to Watch It?
Federal Reserve Chair Jerome Powell is speaking in Dallas at 3 p.m. ET about the economic outlook. You can watch his appearance here:
Reuters
1d
Fed officials wary of inflation risks as they weigh more rate cuts
said "it remains to be seen how much further
interest
rates will decline or where they might eventually settle." The
Fed
...
The Boston Globe
12h
Trump, the Fed, and an almost inevitable showdown over interest rates
“It remains to be seen how much further
interest
rates will decline or where they might eventually settle,” Kansas City ...
6h
on MSN
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
Hosted on MSN
1d
Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fall
Schmid said the
Fed
's decision last week to cut
interest
rates by 25 basis points reflected their ... The in-line data ...
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