Fed Chair Powell reiterates he expects rate cuts at 'some point' this year

Federal Reserve Chair Jerome Powell spoke at an economic forum event at Stanford University on Wednesday, characterizing inflation's descent to the Fed's 2% target as traveling on a "sometimes bumpy path."
Yahoo Finance Fed Reporter Jennifer Schonberger breaks down Powell's comments on recent inflation data and the outlook for 2024 interest rate cuts, while he also addressed concerns on the Fed's monetary policy during an election year.
#youtube #yahoofinance #news
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance