Fed can’t cut until it’s sure of inflation win, Powell says
Fed Chair Jerome Powell
The chair of the Federal Reserve tells lawmakers the central bank will lower rates 'at some point this year.'
Federal Reserve Chair Jerome Powell reiterated to lawmakers that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation.
In testimony before a House panel Wednesday, the Fed chief said it will likely be appropriate
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