Powell Tells 60 Minutes Fed Is Wary of Cutting Rates Too Soon
Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.
In an interview conducted Thursday with CBS’s 60 Minutes that aired Sunday evening, Powell sought to explain the central bank’s rationale for eventual reductions to a broad public audience.
ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c4CMaWlmaGVkvbDDxKWjZqyVobm0eZVpZKahnqrBpr%2BMn5ydZZyeuKa42GarqGWnlra1ecGesKimlGK6or7CoWStp12YwrU%3D
Chauncey Koziol
Update: 2024-08-11