‘Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May.
Powell, in an interview recorded Thursday for the CBS news program “60 Minutes,” also said the nation’s job market and economy are strong, with no sign of a recession on the horizon.
“I do think the economy is in a good place,” he said, “and there’s every reason to think it can get better.”’
The full transcript of the interview:
Powell, in an interview recorded Thursday for the CBS news program “60 Minutes,” also said the nation’s job market and economy are strong, with no sign of a recession on the horizon.
“I do think the economy is in a good place,” he said, “and there’s every reason to think it can get better.”’
Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says
Powell, in an interview recorded Thursday for the CBS news program “60 Minutes,” also said the nation’s job market and economy are strong.
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The full transcript of the interview:
Fed Chair Jerome Powell shares why central bank hasn't yet cut interest rates, even as inflation falls
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
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