Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank was “not far” from gaining the confidence it needs in falling inflation to begin cutting interest rates. “I think we are in the right place,” Powell said in a hearing before the Senate Banking Committee. “We are waiting to...
https://www.hellenicshippingnews.com/feds-powell-not-far-from-confidence-needed-to-cut-rates/