Fed Chairman Jerome Powell said the FOMC would cut interest rates "over time," while re-emphasizing that the overall economy remains sound.。Powell also reiterated his belief that inflation will continue to move toward the Fed's 2 percent target, adding that economic conditions "set the stage" for further easing of price pressures.。"Looking ahead, if the economy develops broadly as expected, policy will return to a more neutral stance over time... but we don't have a set course," he said, noting that decisions will be made on a meeting-by-meeting basis based on upcoming economic data.。
Fed Chairman Jerome Powell said the FOMC would cut interest rates "over time," while re-emphasizing that the overall economy remains sound.。Powell also reiterated his belief that inflation will continue to move toward the Fed's 2 percent target, adding that economic conditions "set the stage" for further easing of price pressures.。"Looking ahead, if the economy develops broadly as expected, policy will return to a more neutral stance over time... but we don't have a set course," he said, noting that decisions will be made on a meeting-by-meeting basis based on upcoming economic data.。
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