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in Economy

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

by Editor July 2, 2024, 3:14 pm 1.5k Views

Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting

U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC.

Kevin Dietsch | Getty Images

Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting…

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Syndication: Journal Sentinel

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