1. US Federal Reserve Chair Jerome Powell suggested potential interest rate cuts due to growing risks to the labor market, citing rising downside risks to employment and a slowdown in payroll jobs.
2. Policymakers believe that tariffs are affecting consumer prices, with visible effects now emerging. The current situation presents a challenge, as inflation risks are higher and employment risks are lower.
3. Powell emphasized that monetary policy is not on a preset course and that decisions will be made based solely on the assessment of data and its implications.
2. Policymakers believe that tariffs are affecting consumer prices, with visible effects now emerging. The current situation presents a challenge, as inflation risks are higher and employment risks are lower.
3. Powell emphasized that monetary policy is not on a preset course and that decisions will be made based solely on the assessment of data and its implications.
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summary of US Fed Chair Powell hints at possible interest rate cut
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Summary
US Federal Reserve Chair Jerome Powell hints at potential interest rate cuts due to increasing risks to the labor market, highlighting rising downside risks to employment and a slowdown in payroll jobs. Policymakers note that tariffs are affecting consumer prices, presenting a challenge as