Back

Fed Chair Powell Says Rate Hikes Not Seen as Base Expectation

Jerome Powell noted that current views within the U.S. Federal Reserve vary between holding rates steady and considering further interest rate cuts.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and regulation of banks.
  • Interest Rate Cuts: A monetary policy action where the central bank lowers borrowing costs to stimulate economic activity.