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Fed’s Powell: We're Not Far From Confidence To Cut Rates
Added at 11:30am
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MORE FED'S POWELL Q&A: THINK MONPOL 'IN THE RIGHT PLACE' WITH LOOKING TO NORMALIZE POLICY AS ECONOMY NORMALIZES #Powell #FederalReserve #economy
— Mace News (@MaceNewsMacro) March 7, 2024
Added at 11:31am
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FED'S POWELL: I COULD SEE A CASE FOR SHORTENING MATURITY OF FED HOLDINGS.
— FinancialJuice (@financialjuice) March 7, 2024
Added at 11:34am
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Powell: "Interest rates right now are well into restrictive territory. They’re well above neutral."
— Nick Timiraos (@NickTimiraos) March 7, 2024
"We're far from neutral now."
Added at 11:34am
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Powell: The Fed will cut rates when it has confidence that inflation is on track to hit 2%
— Nick Timiraos (@NickTimiraos) March 7, 2024
"When we do get that confidence--and we’re not far from it--it will be appropriate to dial back that level of restriction." https://t.co/0AkhA0yvW1