Federal Reserve Chair Jerome Powell and Governor Michelle Bowman have both indicated that interest rate cuts are not imminent, despite the central bank's desire to see inflation return to a 2 percent target. Powell stated that a rate cut in the next meeting is not the 'base case,' as the Fed awaits more data to confirm a sustainable downward trend in inflation. Over the past two years, the Fed has raised rates by 5.25 percentage points and has also reduced its securities holdings, although the specific amount was not disclosed. The Federal Reserve has maintained the target range for interest rates at 5.25%-5.50% and has held rates steady for four consecutive meetings. Powell mentioned that a rate cut in March is 'not likely.' Bowman echoed this sentiment, asserting that while she expects inflation to fall further, it is too soon for the Fed to consider reducing rates.
Fed's Bowman sees inflation falling, calls for caution on rate cuts https://t.co/SvZ6P6CbkC https://t.co/OVz3mUGeJR
***FED'S BOWMAN: NOT YET AT POINT WHERE RATE CUTS ARE APPROPRIATE*** | Have a great weekend.... @markets
Bowman Says Fed Not Yet At Point It Can Lower Rates https://t.co/FTXGL8MBGe
Fed is ‘not yet at that point’ of lowering interest rates, Bowman says https://t.co/kfPgvPHLrW
⚠️ FED'S BOWMAN SEES INFLATION FALLING, CALLS FOR CAUTION ON RATE CUTS Full Story → https://t.co/8NBcpncnWZ https://t.co/LxNYrUeYcj
Federal Reserve Governor Michelle Bowman said she expects inflation to fall further with interest rates held at their current level, but said it’s too soon for policymakers to consider cutting rates https://t.co/niOiY3BLsj
🔴 FED'S BOWMAN: RATE CUTS NOT YET NECESSARY
The Fed kept rates steady yesterday. That's 4 straight meetings of holding steady. Powell on March rate cut: "don't think it's likely” Do you think rates get cut this year? https://t.co/4NUADIbqor
NOW - Jerome Powell Says Interest Rate Cuts Not Likely, Keeps Target Range at 5.25%-5.50% "Longer-term inflation expectations appear to remain well anchored...Over the past two years, we have raised our policy rate by 5.25% points and we’ve decreased our securities holdings by… https://t.co/l8DnRfl3So
Fed Chair Jerome Powell says a rate cut at the central bank's next meeting is not "the base case," with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent. https://t.co/l87aSY2BbE