The U.S. central bank leader’s remarks follow a Fed decision last week to hold benchmark policy rates at their current level.
Federal Reserve Chair Jerome Powell speaks Thursday to a monetary policy panel presented by the International Monetary Fund.to hold benchmark policy rates at their current level, in a target range between 5.25%-5.5%. However, Powell has cautioned that should inflation persist, he won't hesitate to push for higher rates.
Markets largely expect that the Fed is done. The probability of a hike at the Federal Open Market Committee's December meeting is less than 10%, according to market pricing gauged by the CME Group. In fact, markets expect the Fed to start cutting in 2024, possibly as soon as June.Jamie Dimon rips central banks for being '100% dead wrong' on economic forecasts
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