Odaily planet news Wall Street Journal reporter, known as the 'voice of the Federal Reserve' Nick Timiraos, wrote in a recent article that Federal Reserve Chairman Powell has brought rate cuts back into focus. Powell's speech highlighted a cautious optimism that had waned after disappointing inflation data in April. He stated that the economy has made 'significant progress', 'real progress', and 'quite substantial progress' in lowering inflation while achieving stable growth. However, he remains cautious about rate cuts, indicating that the possibility of a rate cut at the Fed's meeting later this month is still slim. In addition, Powell refused to reveal whether he is preparing for a rate cut in September. He said, 'I will not specify any specific date here today.' (wsj)
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Saluran suara Federal Reserve: Powell memungkinkan penurunan suku bunga kembali ke dalam fokus, menunjukkan optimisme yang hati-hati
Odaily planet news Wall Street Journal reporter, known as the 'voice of the Federal Reserve' Nick Timiraos, wrote in a recent article that Federal Reserve Chairman Powell has brought rate cuts back into focus. Powell's speech highlighted a cautious optimism that had waned after disappointing inflation data in April. He stated that the economy has made 'significant progress', 'real progress', and 'quite substantial progress' in lowering inflation while achieving stable growth. However, he remains cautious about rate cuts, indicating that the possibility of a rate cut at the Fed's meeting later this month is still slim. In addition, Powell refused to reveal whether he is preparing for a rate cut in September. He said, 'I will not specify any specific date here today.' (wsj)