The Federal Reserve left the door open to cutting interest rates in the near future at the conclusion of its March meeting as officials try to walk the fine line of bringing inflation down without inducing a recession. Fed chairman Jerome Powell said the underlying data is still positive that inflation is moving in the right direction to start cutting rates this year. Projections also showed the central bank is still planning on three cuts this year.
The Federal Reserve left the door open to cutting interest rates in the near future at the conclusion of its March meeting as officials try to walk the fine line of bringing inflation down without inducing a recession.
Fed chairman Jerome Powell said the underlying data is still positive that inflation is moving in the right direction to start cutting rates this year. Projections also showed the central bank is still planning on three cuts this year.
Federal Reserve Interest Rates Inflation Recession Jerome Powell
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