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By Staff Reporters
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Jerome Powell said the Fed won’t wait for 2% inflation to cut rates
The central bank won’t wait to hit its inflation target before bringing interest rates down but wants to have “greater confidence” that inflation will get there in order to make cuts, Powell said at the Economic Club of Washington, DC, in his first public event since June’s cooling inflation numbers came out.
CITE: https://www.r2library.com/Resource
MEDICAL INFLATION: https://medicalexecutivepost.com/2023/03/30/medical-economics-healthcare-inflation/
However, the FOMC chair wasn’t willing to get into specifics about when rate cuts might be coming.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Glossary Terms, Investing, LifeStyle | Tagged: cost living, fed, FOMC, inflation, Jerome Powell, medical inclation |
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