Powell: "Significant Inflation Possible Within Several Months... Uncertainty Over Timing of Rate Cuts"
JH Kim
Summary
- Powell, chair of the Fed, stated that the timing of rate cuts could be either sooner or later.
- Powell indicated that holding rates steady may be reasonable depending on the labor market and inflation situation.
- He confirmed a significant possibility of inflation in the coming months and remarked the need to be cautious with investments.
According to CNBC on the 18th (local time), Jerome Powell, Chair of the Fed, stated, "Although uncertainty has somewhat eased, it still remains at a high level," and added, "The timing of rate cuts could be sooner or later." He continued, "If the labor market maintains its current level and inflation falls, it may be reasonable to hold rates steady," explaining that "no Fed member is strongly convinced about the rate path." He also mentioned, "We might be able to make better decisions by waiting a few more months," but added, "Nonetheless, there is a possibility that inflation figures could be significant in the months ahead."
JH Kim
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