Powell Signals No Rush to Cut Interest Rates Further
Fed Chair Stresses Inflation Risks as Treasury Yields Climb
U.S. Treasuries held small losses after Federal Reserve Chair Jerome Powell affirmed that the central bank favors delaying additional interest-rate cuts. (Al Drago/Bloomberg News)
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U.S. Treasuries held small losses after Federal Reserve Chair Jerome Powell affirmed that the central bank favors delaying additional interest-rate cuts.
“We know that reducing policy restraint too fast or too much could hinder progress on inflation,” Powell said in prepared testimony for the Senate Banking Committee. His remarks echoed the message he delivered Jan. 29, when the Fed paused after cutting rates three times last ye…
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