Lower inflation readings "are welcome," Jerome Powell says, but "that progress must continue" to reach the Fed's 2% objective.
Powell is likely to “lean against against the notion that there are cuts imminent."
The Federal Reserve's benchmark interest rate may have already hit its peak level, as it is now putting more downward pressure on the economy than anytime in the last 25 years, New York Fed President John Williams on Thurs...
The U.S. economy slowed in November and inflation also tapered off, a Federal Reserve survey showed, suggesting the central bank could be finished raising interest rates if those trends continue.
Interest-rate policy is in a "good place" at present and can move in either direction based on how the economy evolves, said Cleveland Fed President Loretta Mester on Wednesday.