"Powell's Outlook: Uncertainty on Interest Rates and Inflation"
TL;DR Summary
Federal Reserve Chair Jay Powell stated that he does not anticipate interest rates to return to the "very, very low" levels seen before the pandemic, emphasizing the uncertainty surrounding where rates will ultimately settle. Powell also highlighted the importance of central bank independence and transparency in decision-making processes.
Topics:business#central-bank-independence#federal-reserve#finance#interest-rates#jay-powell#monetary-policy
- "Hard to say" where interest rates will settle, Fed chair says Marketplace
- Fed Chair Jerome Powell signals rate cuts aren’t imminent CNN
- Fed Chair Says Central Bank Need Not 'Hurry' to Cut Rates The New York Times
- Federal Reserve chair Jay Powell expects US inflation to keep cooling in coming months Financial Times
- Powell Speech Today: Fed Chief Talks Rates, Inflation, and More Barron's
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