Federal Reserve Chair Jerome Powell said the central bank is not ready to move quickly on interest rate cuts, even as inflation continues to ease. He said policymakers want to see more convincing signs that price pressures are under control before changing course.
Powell’s comments suggest the Fed is still focused on confirming a durable slowdown in inflation rather than responding to a single encouraging report. That cautious stance reflects the central bank’s effort to balance progress on prices with the risk of easing policy too soon.
The remarks came as investors continue to watch for clues on when the Fed may begin lowering borrowing costs. For households and businesses, the timing of any cut remains important because it affects mortgages, credit cards, loans and broader economic conditions.
While inflation has cooled from its recent peaks, Powell signaled that the Fed wants a longer track record of improvement before it acts. His message was clear: the central bank is leaning toward patience, not urgency, on rate cuts.
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