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  • Powell: It's unlikely Fed will have confidence to cut in March

Added at 7:04pm

  • Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects

    From cnbc.com

    Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects. In a wide-ranging interview with “60 Minutes” after last week’s Federal Open Market Committee meeting, Powell expressed confidence in the economy, promised he wouldn’t be swayed by this year’s presidential election, and said the pain he feared from rate hikes never really materialized. “With the economy strong like that, we feel like we can approach the question of when to begin to ... (full story)

  •  Guest
  • | IP XXX.XXX.152.87
The impact of artificial intelligence on the economy is far greater than the Fed's impact on the economy: I'm no longer interested in Powell's comments.
Ol' Jerome "Behind the Curve" Powell
Any reasonably intelligent person living in the US knew there would NEVER be 6 cuts in 2024.
Pride always comes before destruction.... -Proverbs 16:18
  •  Guest
  • | IP XX.XXX.151.138
For those who missed it, you're welcome:
Inserted Video
Yes Sir!
The way price action is behaving clearly shows that they have no intention of rate cut
  •  Guest
  • | IP XX.XXX.15.235
Not swayed by the election, who believes that?
With 34t debt you guys going to hit jackpot soon lol
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  •  Guest
  • | IP X.XXX.15.145
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