After keeping interest rates unchanged at 23-year highs, Federal Reserve Chair Jerome Powell told reporters that “it’s unlikely the next policy rate move will be a hike.” Powell pointed to a lack of further progress in bringing inflation down to 2% and noted that the path forward is “uncertain.” He also dismissed talk of stagflation and outlined economic scenarios in which the Fed would consider cutting rates, holding steady, or hiking.

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#Fed #Powell #rates #centralbank #economy #inflation #stagflation
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