Mon, May 12, 2025
[ Mon, May 12th ]: WSAZ
Scenic summer travel
Sun, May 11, 2025
Sat, May 10, 2025
Fri, May 9, 2025
Thu, May 8, 2025
Wed, May 7, 2025
Tue, May 6, 2025
Mon, May 5, 2025

Jerome Powell says the Fed can afford to 'wait and see' before cutting rates. Other economists aren't so sure


  Copy link into your clipboard //travel-leisure.news-articles.net/content/2025/ .. tting-rates-other-economists-aren-t-so-sure.html
  Print publication without navigation Published in Travel and Leisure on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  A data-dependent approach might leave the central bank playing catch-up.

Jerome Powell, the Federal Reserve Chair, indicated that the central bank can afford to wait before cutting interest rates, emphasizing a cautious approach amid ongoing economic assessments. Despite some economists arguing for immediate rate cuts to stimulate growth, Powell stressed the importance of ensuring inflation is sustainably moving towards the Fed's 2% target. He highlighted recent economic data showing persistent inflation and a robust labor market, suggesting that the current monetary policy stance remains appropriate. Powell's remarks were made during a speech at the Economic Club of New York, where he reiterated the Fed's commitment to data-dependent decision-making, aiming to balance the risks of acting too soon or too late in adjusting rates.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/08/jerome-powell-fed-afford-wait-cutting-rates-economists/ ]

Publication Contributing Sources