Fed Chair Powell Signals Rate Cuts Aren't Coming Soon

Chair Jerome Powell says he doesn't know when the Federal Reserve will gain enough confidence to begin cutting interest rates. He spoke after the Fed left rates unchanged.
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[@fierybutmostlypeaceful1708]

These people wtf.

[@erichvonmolder9310]

Good. What's next?

[@invisiblesun6595]

Good, raise them higher

[@user-ed9bv9fs4p]

Okokok welcome okokok

[@PathMaster7]

Because we sent all our money to foreigners

[@DeadCat-42]

Yes trumps billionaire tax cut went to multinational corporations who use inflation as an excuse to price gouge.
Greedflation won't end while media pushes it daily.
The number one cause of inflation is greedy multinational corporations using inflation as an excuse to price gouge.
So dont talk about inflation, talk about price gouging and watch things change

[@PathMaster7]

@@DeadCat-42 yes because tax cuts is what sent 150 billion dollars alone to Israel and Ukraine……

[@acornsucks2111]

Cut the Cake. AWB.

[@bytemuncher1]

Translation: "We should be INCREASING rates but we can't due to political pressure".

[@Falconlibrary]

Things Powell has said this year:
We're going to cut interest rates 4-6 times
We're not going to cut interest rates soon
Worst Fed chairman since Arthur Burns in the 1970s, the man who gave us the crippling stagflation that Paul Volcker had to break

[@invisiblesun6595]

He said rates will be cut when inflation reaches the 2% target. Not his fault investors, market and banks have selective hearing problems