Subscribe

Fed rate cuts may not come until summer at the earliest

Jerome Powell set a dovish tone in an interview Sunday on CBS' 60 Minutes.

Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.

In an interview conducted Thursday with CBS’s 60 Minutes that aired Sund

Subscribe or log in to read the rest of this content.

Related Topics: ,

Learn more about reprints and licensing for this article.

Recent Articles by Author

Ether ETF aspirants take the starting blocks ahead of anticipated July approval

Earlier whispers of a fourth-of-July greenlight now look premature as the SEC gives applicants a new deadline.

Hints of jobs slowdown put Fed on the alert

Hints of impending weakness in the labor market add to the central bank's list of risks to manage.

Wall Street weighs impact on bonds if Trump wins

Strategists urge investors to hedge against inflation.

More American homeowners locked into mortgage rates above 5%

Older loans at lower rates are being replaced by costlier borrowing.

Take profits on five-year Treasuries now says JPMorgan

Selling pressures are elevated due to multiple risk events.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print