Fed Chair Powell: Inflation Has Eased, But It's Still Too High

Inflation has eased “notably in the past year but remains above our longer-run goal of 2%,” Federal Reserve Chair Jerome Powell said to reporters in Washington. The FOMC left the benchmark federal funds rate in a range of 5.25% to 5.5%.


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https://www.bloomberg.com/news/articles/2024-03-20/fed-pencils-in-three-rate-cuts-in-2024-shallower-path-ahead?srnd=homepage-americas