Federal Reserve Chair Powell suggests further interest rate cuts due to slowing inflation.

Federal Reserve Chair Jerome Powell indicated that the central bank may lower interest rates further due to a slowing inflation rate. He emphasized that the Fed is not on a fixed path and will make decisions based on evolving economic conditions, aiming for a neutral rate that neither constrains nor stimulates growth. Powell noted ongoing improvements toward the 2% inflation target, with policy adjustments evaluated on a meeting-by-meeting basis.

September 30, 2024
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