Federal Reserve's stance on cutting rates and the rebuilding of the Francis Scott Key Bridge in Baltimore

SOURCE www.breitbart.com
Federal Reserve Chair Jerome Powell states that the Fed isn't considering cutting rates despite rising inflation. The cost and time to rebuild the Francis Scott Key Bridge in Baltimore are expected to be much higher and longer than initially estimated.

Key Points

  • Federal Reserve not considering rate cuts due to higher inflation rates
  • Rebuilding the Francis Scott Key Bridge in Baltimore expected to take longer and cost more than initially estimated

Pros

  • Transparency from Federal Reserve Chair Powell regarding inflation data
  • Clear indication that the Fed is not planning on cutting rates despite rising inflation

Cons

  • Rising inflation rates above the Fed's target of two percent
  • Increased costs and time for rebuilding the Francis Scott Key Bridge