More evidence of falling inflation needed before rate cuts: Fed chief
The Free Press Journal|July 03, 2024
Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates, CNBC reported.
FPJ News Service
More evidence of falling inflation needed before rate cuts: Fed chief

"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum in Sintra, Portugal.

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