( ) -q-22- UNDATED (Correspondent Jeremy House) “occurring in September.” Chairman Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target. [CutID: <Cuts> FED-INFLATION-house-q-TUEam.mp3 Time: 22s Title: FED-INFLATION-house-q-TUEam Out-cue: occurring in September] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: Powell says the Fed would cut rates […]
Audio
Powell says Fed is more confident inflation is slowing to its target
( ) -q-22- UNDATED (Correspondent Jeremy House) “occurring in September.”
Chairman Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target.
[CutID: <Cuts> FED-INFLATION-house-q-TUEam.mp3
Time: 22s
Title: FED-INFLATION-house-q-TUEam
Out-cue: occurring in September]
TAG: Correspondent Jeremy House reporting.
—————————
VERBATIM: Powell says the Fed would cut rates before the pace of price increases actually reached two-percent. Powell told the Economic Club of Washington, “We’ve had three better readings, and if you average them, that’s a pretty good pace.” Powell declined to provide any hints of when the first rate cut would occur. But most economists foresee the first cut occurring in September.