The Fed’s Powell says prices are ‘back on the path to disinflation’, but more confidence is still needed

KPMG Chief Economist Diane Swonk reacts to the Federal Reserve’s decision to leave interest rates unchanged on ‘The Claman Countdown’. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have made “enough” progress in fighting inflation, but he needs to see more evidence before he starts cutting interest rates. Speaking during a central bank … Read more

The Fed’s Powell says prices are ‘back on the path to disinflation’, but more confidence is still needed

KPMG Chief Economist Diane Swonk reacts to the Federal Reserve’s decision to leave interest rates unchanged on ‘The Claman Countdown’. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have made “enough” progress in fighting inflation, but he needs to see more evidence before he starts cutting interest rates. Speaking during a central bank … Read more