Fed Chair Jerome Powell is in no rush to ease monetary policy. “On inflation it is too early to say whether the recent readings represent more than just a bump”, he said at Stanford University on Wednesday. The markets anticipate that the Federal Reserve will start cutting interest rates this year, but the timing and extent of those cuts are murky, given that inflation remains above the preferred target of the central bank of 2%. Cleveland Fed President Loretta Mester — voting members on this year’s key Fed Committee https://tinyurl.com/23sc8lwx

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Fed Chair Jerome Powell is in no rush to ease monetary policy. “On inflation it is too early to say whether the recent readings represent more than just a bump”, he said at Stanford University on Wednesday. The markets anticipate that the Federal Reserve will start cutting interest rates this year, but the timing and extent of those cuts are murky, given that inflation remains above the preferred target of the central bank of 2%. Cleveland Fed President Loretta Mester — voting members on this year’s key Fed Committee Source

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