Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further

Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further


Key Points
  • Fed Chair Jerome Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower.
  • Powell’s comments came in the first of two appearances this week on Capitol Hill.



Source

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