Translation: Chairman Powell of the Fed: Officials do not anticipate the first rate cut of 50 basis points
Publication Time:2024-08-02 21:57:07
金色财经 reported that Nick Timiraos, often referred to as the "Fed Whisperer," disclosed that in a recent public speech, Federal Reserve Chair Jerome Powell stated that Fed officials do not expect the first interest rate cut to be by 50 basis points. He emphasized that although there is uncertainty in the market and economy, Fed officials are vigilant and ready to address potential more severe economic downturns. At the same time, a US senator has called on Powell to immediately take measures to lower interest rates on social media, believing that his failure to promptly lower rates is a major mistake. However, Powell's decisions regarding interest rate strategies seem to consider the overall economic situation and long-term policy objectives rather than solely responding to short-term market fluctuations.
Fed
rate cut
Powell
economic recession