Interest Rates: Powell says Fed is prepared to slash rates in case of rapid drop in inflation – MarketWatch
New York, NY: The Federal Reserve is considering cutting interest rates in response to concerns about inflation, with Chairman Jerome Powell indicating that the central bank is prepared to act if inflation falls rapidly. Powell’s remarks come as the Fed grapples with the aftermath of previous missteps and takes a cautious approach to making decisions about interest rates. Recent data suggests that the Federal Reserve is now projecting a single interest rate cut in 2024, …