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Powell: policy to gradually adjust to neutral level, expect inflation to continue to fall towards 2% target

Powell: policy to gradually adjust to neutral level, expect inflation to continue to fall towards 2% target

Bitget2024/11/14 21:33


Federal Reserve Chairman Jerome Powell said the economy has not signalled that the Fed needs to rush to lower interest rates. Policy will gradually adjust to a neutral level, but the policy path is not predetermined. Inflation is expected to continue to decline towards the target of 2 per cent, although the process may experience ‘occasional fluctuations’ in the path.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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