https://www.cnbc.com/2024/04/03/feds...ing-rates.html
Fed's Powell emphasizes need for more evidence that inflation is easing before cutting rates
"Federal Reserve Chairman Jerome Powell said Wednesday it will take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.
-Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy.
-On inflation, it is too soon to say whether the recent readings represent more than just a bump,
-We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent,"
https://www.federalreserve.gov/newse...l20240403a.htm