Central Banks
Fed to Begin Rate Cut Discussions But Avoid Teeing First One Up
- Policymakers can take their time given health of US economy
- Officials want to be certain inflation won’t rise back up
Jerome Powell
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Federal Reserve Chairman Jerome Powell and his colleagues could be forgiven if they’re feeling a bit like parents on an extended road trip with their children.
Investors eager for interest-rate cuts keep asking policymakers, “Are we there yet?” The repeated reply so far: “Soon, but not quite yet.”