Fed’s Jerome Powell Dampens Hope for Big Rate Cut This Year, Says Policy To Move Toward Neutral Stance

U.S. Federal Reserve Chair Jerome Powell anticipates future monetary policy will evolve into a more “neutral stance.” While speaking at an economics event in Nashville earlier this week, Powell said the economy looks “strong overall.” He noted there were roughly equal levels of risk associated with the Fed’s goals of reducing inflation and keeping the […] source: https://dailyhodl.com/2024/10/02/feds-jerome-powell-dampens-hope-for-big-rate-cut-this-year-says-policy-to-move-toward-neutral-stance/