Powell Signals Ice Cold Rate Cut Plans – What’s Next for the Economy?
Washington, D.C. – Federal Reserve Chair Jerome Powell gave a clear signal that plans for cutting interest rates may be put on hold. This decision comes at a time when the job market in the United States remains strong. Powell’s remarks suggest a cautious approach to potential rate cuts, hinting at a desire for economic stability heading into the future. Powell’s statements were in response to concerns surrounding inflation and the lack of significant progress …