Fed’s Powell says no need to hurry rate cuts with economy strong
15/11/2024 6:26
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.
“The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said Thursday in Dallas. “The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.”
Source: Bloomberg
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