Powell Signals Patience on Rate Cuts Amid Market Caution
TL;DR Summary
Federal Reserve Chair Jerome Powell stated that there is no urgency to reduce interest rates, indicating a cautious approach to monetary policy adjustments. Powell's comments suggest that the Fed is prioritizing stability and careful assessment of economic conditions before making any rate cuts.
- Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates The New York Times
- Watch Fed Chair Powell's Speech Here The Wall Street Journal
- Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates CNBC
- Stocks Show Signs of Buyer Exhaustion After Rally: Markets Wrap Bloomberg
- Morning Bid: Inflation Looks Sticky, So Bring on Powell U.S News & World Report Money
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