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| Name | Powell Says Fed Doesn’t Need to Rush Interest-Rate Cuts |
| Video Uploader | Video From Bloomberg Television |
| Upload Date | This Video Uploaded At 29-03-2024 13:05:34 |
| Video Discription | Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in a hurry to cut interest rates. "If we if we reduce rates too soon, there's a chance that inflation would pop back and we'd have to come back in, and that would be very disruptive," he said Friday at an event at the San Francisco Fed. Powell also commented on today's core PCE (personal consumption expenditures) gauge which cooled last month. “It’s good to see something coming in in line with expectations,” he said. Read more on this story on Bloomberg.com: https://www.bloomberg.com/news/articles/2024-03-29/powell-says-latest-inflation-data-in-line-with-expectations |
| Category | News & Politics |
| Tags | Fed | Federal Reserve | Federal Reserve Bank of San Francisco | Inflation | Interest Rates | Jay Powell | Monetary Policy | U.S. Dollar | US economy | fed rates | labor market |
