Federal Reserve Chair Powell Cautions Against Rate Reduction as U.S. Inflation Decelerates

Summary:

Federal Reserve chair Powell emphasizes caution against rate cuts despite decelerating U.S. inflation.

Key Points:

• Powell's Perspective: Warns against rate cuts as inflation slows.
• Objective: Seeking further decrease in price growth towards 2% target.

Conclusion: Powell's stance highlights the Fed's vigilance in managing inflation dynamics.