Fed Chair Powell on rate cuts: ‘We are prepared to tighten policy if it becomes appropriate’
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Federal Reserve Chair Jerome Powell talked about regulators’ interest rate outlook in a speech at Spelman College on Friday, calling rate cuts a “premature” notion currently. Chicago Booth Professor and Former Fed Governor Randall Kroszner highlights certain misconceptions on rate cuts being taken from Powell’s comments as the Fed continues fighting toward its inflation target. “It’s going to take a while to get anywhere close to 2%, and I don’t think they’re cutting any time in advance of getting very close to that 2% goal,” Kroszner explains. #youtube #stockmarket #news Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, […]