Federal Reserve Board Chair Jerome Powell testifies before the House Financial Services Committee.
Yesterday, Powell testified before the Senate and reiterated his main message from two weeks ago, when the Fed kept its benchmark rate unchanged after 1 percentage point of cumulative cuts late last year. He said that after those actions, policy is “significantly less restrictive,” and policymakers “do not need to be in a hurry to adjust” rates further at this point.
Author: Bloomberg Television
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News post in February 13, 2025, 12:05 am.
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