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Fed's Powell Says No Need to Hurry Rate Cuts

Reuters on MSN · 4h

Fed's Powell declines to say if he would remain after chair term expires

Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026. Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader,

CNET on MSN · 23m

Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell

But if inflation continues to inch upward, the central bank may decide it needs to leave rates high to avoid a repeat of runaway inflation. Inflation peaked at 9.1% in June 2022 before slowly making its way back down closer to the Fed's target range of 2%.

The New York Times · 17h

Fed Chair Powell Says There’s No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.

3h

Fed’s Powell: Rate cuts are still underway, but there’s no hurry

Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested ...

25mon MSN

Stock market today: Indexes tumble after Fed comments dent December rate-cut odds

The odds of a 25-basis-point rate cut fell to less than 60% shortly after Powell's comments, down from 80%, as calculated by ...

19h

Watch Fed Chair Powell speak live to business leaders in the Dallas area

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

14h

Powell says no need for Fed to rush rate cuts given strong economy

Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does ...

6hon MSN

The fight over Jerome Powell puts Elon Musk at odds with Wall Street

The markets are a strong counter to Musk's influence and Trump's inclination to undermine the Federal Reserve, Wall Streeters ...

7h

CNBC Daily Open: Powell's comments gave investors a reality check

Investors riding high on the postelection rally and are now dragged down to earth by interest rate concerns, their landing ...

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