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July 15, 2024: Powell indicates Fed won't wait until inflation is down to 2% before cutting rates.

  • Andrew Belcher
  • Jul 25, 2024
  • 1 min read

Speaking at the Economic Club in Washington D.C. on Monday, July 15th, Powell said that central bank policies have an economic "lag", meaning that if the Fed waits too long for inflation to come down to 2%, it's likely that they will overshoot their target and the inflation rate will drop below 2%.



 
 
 

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