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Jerome Powell: Rate cuts likely as US inflation is on track to meet target
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investmentweek.co.ukIn a speech at Stanford University on Wednesday (3 April), Powell addressed the rise in consumer price inflation from 3.1% in January to 3.2% in February, saying it was too soon to tell whether the February figures were «more than just a bump». Fed officials 'highly attentive' to inflation despite recent progress He explained that February's data would not «materially change the overall picture», which he said is one of «solid growth, a strong but rebalancing labour market, and inflation moving down to 2% on a sometimes bumpy path». «We do not expect that it will be appropriate to ...
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