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Fed chair says US economy is in ‘solid shape,’ gradual rate cuts coming

30 September 2024
in USA
0
Fed chair says US economy is in ‘solid shape,’ gradual rate cuts coming
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Federal Reserve Chair Jerome Powell indicated more interest rate cuts are forthcoming, but at a gradual pace to support the economy. Speaking at a conference in Nashville, he tempered expectations of a large rate reduction, disappointing investors. The Fed implemented a rate cut earlier in the year, signaling a cautious approach to future monetary policy adjustments.

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Tags: chaircomingcutsEconomyFedGradualrateshapeSolid
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