Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell, the Chair of the Federal Reserve, has indicated that while he believes that July could potentially be too soon for the central bank to implement any reductions in interest rates, he has also made it clear that he is not completely dismissing the possibility of rate cuts occurring at that time. This nuanced stance suggests that while the Fed is currently considering a cautious approach to monetary policy, they remain open to adjusting their strategies based on economic conditions as they evolve in the coming months. source: https://blocknews.com/jerome-powell-july-may-too-early-for-rate-cuts-but-doesnt-rule-it-out/