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Fed#39;s Jerome Powell says restrictive rates policy needs more time to work

Fed policymakers have said since the start of the year that rate cuts are contingent on gaining “greater confidence” that inflation is moving towards the central bank#39;s 2% goal, but readings over the past few months show price pressures may even be moving in the opposite direction.

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​ Fed policymakers have said since the start of the year that rate cuts are contingent on gaining “greater confidence” that inflation is moving towards the central bank#39;s 2% goal, but readings over the past few months show price pressures may even be moving in the opposite direction. Fed policymakers have said since the start of the year that rate cuts are contingent on gaining “greater confidence” that inflation is moving towards the central bank#39;s 2% goal, but readings over the past few months show price pressures may even be moving in the opposite direction.  Moneycontrol Latest News Read More  

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