Federal Reserve Chair Jay Powell gave another signal Monday that the central bank is nearing the time when it can start cutting rates while emphasizing that ...
Federal Reserve Chair Jay Powell gave another signal Monday that the central bank is nearing the time when it can start cutting rates while emphasizing that he wants to stay in his job until his term is up in May 2026.
"What increases that confidence," Powell added Monday, "is more good inflation data. And lately here we have been getting some of that.", when he told US lawmakers that inflation numbers "have shown some modest further progress" and that "more good data would strengthen our confidence that inflation is moving sustainably toward 2%."
The Fed also meets at the end of this month, and some market watchers believe a cut could be in play at that meeting if other pieces fall into place between now and then."I’m not going to be sending signals on any particular meeting," he said. "We are going to make these decisions meeting by meeting and the evolving data and the balance of risks.". Lawmakers signaled last week that they would criticize the central bank if this key September decision doesn't go their way.
The former first lady spoke out after former President Donald Trump was wounded in a shooting at a campaign event the previous evening.Mary Trump Reacts To Assassination Attempt On Her Uncle The man who photographed a bloodied and defiant Trump says he 'knew it was a moment in American history that had to be documented'
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