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✓ Published: 07-Mar-2024

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Powell Says , Fed Remains Reluctant to Start , Lowering Interest Rates.<br/>On March 6, Federal Reserve Chair Jerome Powell <br/>said that interest rates will start to drop at <br/>some point this year, without specifying when.<br/>CNBC reports that Powell said policymakers <br/>are closely monitoring the risks of inflation and <br/>are reluctant to begin easing rates too quickly.<br/>In considering any adjustments <br/>to the target range for the policy <br/>rate, we will carefully assess <br/>the incoming data, the evolving <br/>outlook, and the balance of risks. , Jerome Powell, Federal Reserve Chair, via CNBC.<br/>The Committee does not <br/>expect that it will be appropriate <br/>to reduce the target range until <br/>it has gained greater confidence <br/>that inflation is moving <br/>sustainably toward 2 percent, Jerome Powell, Federal Reserve Chair, via CNBC.<br/>According to Powell, the Fed needs <br/>\