Powell says the Fed is not on a "preset course" to lower interest rates
Why it matters: For now it looks likely that the U.S. economy could avoid a recession as inflation plunges and the labor market remains healthy. Powell signaled that lower rates could help guarantee a so-called "soft landing," but cautioned that some risks remain.
The central bank governor says policymakers are in no hurry to cut rates, indicating modest moves for its next two decisions.
Powell is speaking at the 66th annual gathering of the National Association for Business Economics, in Nashville this year.
A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk ...
A slight acceleration in the US core PCE inflation suggests that the Fed’s battle against inflation is not over yet.
Federal Reserve Chair Jerome Powell is scheduled to speak on Monday amid growing concerns among economists about potential ...
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