Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
WEB15 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 a quarter ...
Powell indicates further, smaller rate cuts, insists the Fed is 'not on ...
WEB15 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 ...
Powell Points to Two More Normal-Size Rate Cuts This Year
WEB15 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 ...
Powell: Fed will do what it takes to keep economy 'in solid shape'
WEB15 hours ago · Federal Reserve Chair Jay Powell said Monday the central bank intends to do what it takes to keep the economy humming while avoiding recession. "Overall, the economy is in solid shape; we intend ...
Jerome Powell: The Fed has 'growing confidence' inflation is cooling
WEB11 hours ago · 0:35. Federal Reserve Chair Jerome Powell on Monday said there's "growing confidence" that inflation is moving toward the central bank's 2% goal during a speech at the National Association for ...
Fed chair says US economy is in 'solid shape,' gradual rate ... - ABC News
WEB15 hours ago · Fed officials have pegged the so-called “neutral rate” at about 3%, significantly below its current level. Powell emphasized that the Fed's current goal is to support a largely healthy economy ...
WATCH: Federal Reserve Chair Powell speaks after Fed announces …
WEBSep 18, 2024 · In a statement and in a news conference with Chair Jerome Powell, the Fed came closer than it has before to declaring victory over inflation. “We know it is time to recalibrate our (interest...
Fed Chair Powell says 'time has come' for interest rate cut - NBC News
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.
Stocks Rise as Fed Chair Powell Signals Rate Cuts in Jackson Hole ...
WEBAug 23, 2024 · Jerome H. Powell made it clear that the Federal Reserve will cut rates on Sept. 18, as the central bank turns the corner in its fight against inflation.
Live: Fed Rate Decision, Powell News Conference
WEBJun 12, 2024 · Fed dials back rate forecasts, signals just one cut in 2024. Policymakers holds key rate in unanimous decision. Inflation still elevated, with progress merely ‘modest’. Powell says labor ...