Summary
- Jerome Powell, Chair of the Fed, stated that the policy rate has already reached its peak.
- Powell explained that due to the expected increase in inflation, there are no rate cuts this year.
- He emphasized that from now, there is ample room for rate cuts.
Jerome Powell, Chair of the Federal Reserve (Fed), stated that there is ample room to lower the policy rate.
According to Walter Bloomberg on the 24th (local time), Chairman Powell mentioned during the semiannual monetary policy report hearing, "The Fed expects inflation to rise due to tariffs," and added, "Because of the expected increase in inflation this year, we are not cutting rates." However, he also said, "The policy rate has already reached its peak," and "From now on, there is sufficient room to cut rates."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
