Federal Reserve Chair Jerome Powell's Comments on Interest Rates
Federal Reserve Chair Jerome Powell sees little urgency to lower interest rates due to a strong labor market and lingering inflation risks. The Fed is expected to keep rates steady at its next meeting.
Key Points
- Labor market conditions better than projected
- Inflation progress has slowed
- Fed's pivot to a more patient stance
Pros
- Resilient labor market
- Steady job growth
- Strong consumer spending
Cons
- Slowed inflation progress