Fed Chairman Powell: No Rush on Interest Rate Cuts Amid Strong Economy
2025-02-11
The Wall Street Journal
Federal Reserve Chair Jerome Powell testified before Congress, indicating that the Fed can take a wait-and-see approach on interest rate cuts due to the current strong economic growth. With the economy performing well, Powell signaled that there's no urgency to make changes to monetary policy. This approach is likely to influence the future of interest rates, economic growth, and monetary policy decisions. As the Fed navigates the current economic landscape, Powell's testimony provides insight into the central bank's thinking on rate cuts and the overall health of the economy, including factors like inflation and employment rates.