Fed Chairman Powell finds lowering rates too easy to swallow

Federal Reserve Chair Jerome Powell has been so eager to take credit for engineering an economic soft landing that he’s now made one much harder to achieve. His prediction this week that the next move in interest rates is likely to be down, rather than up, perpetuates his mistake. A little more restraint in recent months would have served the Fed chair, and the economy, much better. The Marshmallow Test is a psychological experiment designed to measure delayed gratification in children.

" GET FOX BUSINESS ON THE GO BY CLICKING HERE At the Federal Open Market Committee press conference in December, Powell pivoted to a notably more dovish stance, suggesting that the Fed was more focused on when to cut rates than when to increase them despite the symmetrical language of the FOMC statement, and despite Fed’s own projections that inflation would exceed the 2% target for the next two years.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Source: KSLcom - 🏆 549. / 51 Read more »

Jerome Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Source: WashTimes - 🏆 235. / 63 Read more »

Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Source: wjxt4 - 🏆 246. / 63 Read more »

Powell likely to signal that lower inflation is needed before Fed would cut ratesAfter three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year.
Source: AP - 🏆 728. / 51 Read more »

Fed's Williams says next Fed move likely to be lower ratesFed's Williams says next Fed move likely to be lower rates
Source: Investingcom - 🏆 450. / 53 Read more »

S&P Ends Lower on Fed Rate Decision, Powell RemarksU.S. stocks closed mixed Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, but indicated that its next move will probably be to cut rates.
Source: NEWSMAX - 🏆 16. / 71 Read more »