Jerome Powell says the Fed can afford to ‘wait and see’ before cutting rates. Other economists aren’t so sure

Quick Summary:

A data-dependent approach might leave the central bank playing catch-up.

Fed policymakers have not been moved by this “soft data,” however, and are yet to move interest rates this year.

But when unemployment rises, the bank does the opposite and cuts rates to stimulate growth.

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Article Details

Author / Journalist: Greg McKenna

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Inflation Interest Rates Federal Reserve Jerome powell Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 17:40:40 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 788 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 158 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28496748

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Official Website: fortune.com

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