Fed Chair Powell Indicates Potential Rate Cut Later This Year

According to PANews, Federal Reserve Chairman Jerome Powell has stated that a rate cut may be appropriate at some point this year. The Fed remains highly concerned about inflation risks and believes that lowering the policy interest rate would be inappropriate before gaining greater confidence in the sustainable decline of inflation towards 2%. Powell suggests that it might be suitable to start reducing policy restrictions at some point this year. He also acknowledges the risks associated with cutting rates too early, too quickly, too late, or too little, and emphasizes the importance of carefully evaluating the upcoming data, constantly changing prospects, and balancing risks.