• 10 months ago
Fed Chair Jerome Powell said at a news conference that a rate cut in March is "not likely" based on today's meeting. Powell said rate cuts would likely begin at some point this year but March may be too soon. Powell wants more confidence in the inflation path before cutting rates to avoid past mistakes. The next two Fed meetings are in March and May, with inflation and jobs reports before each. Powell declined to commit to a series of cuts, saying the response will depend on data. Stocks fell to session lows as traders hoped for a signal of an earlier rate cut.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Fed Chair Jerome Powell said at a news conference that a rate cut in March is not likely based on
00:06 today's meeting. Powell said rate cuts would likely begin at some point this year, but March may be
00:10 too soon. Powell wants more confidence on the inflation path before cutting rates to avoid past
00:15 mistakes. The next two Fed meetings are in March and May, with inflation and jobs reports before
00:19 each. Powell declined to commit to a series of cuts, saying the response will depend on data.
00:24 Stocks fell to session lows as traders hoped for a signal of an earlier break.
00:27 For all things money, visit Benzinga.com
00:29 [BLANK_AUDIO]

Recommended

0:38
I
Up next
Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts
Benzinga
0:35
Fed Chair Powell Hints That Interest Rates May Be Cut Before Inflation Hits 2%, Says 'Hard Landing' Unlikely for US Economy
Benzinga
0:36
Fed Chair Jerome Powell Hints at Possible Interest Rate Cut in September
Benzinga
0:58
No US interest rate rise expected from Federal Reserve this month
euronews (in English)
0:35
GOP Senator Tim Scott Says He Spoke To Jerome Powell And Fed Chair Foresees Inflation Coming Down: 'Prospect Of Rate Cuts...Are Going Up'
Benzinga
0:42
Fed Chair Jerome Powell Sees No Rush for Rate Cuts as Economy Remains Resilient, Advocates Caution
Benzinga
0:33
Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts
Benzinga
1:31
Fed Increases Rates by Half a Percentage Point, Biggest Hike Since 2000
Wibbitz Top Stories
0:31
Fed Chair Jerome Powell Remains Unfazed by Economic Worries Despite Calls to Act Immediately on Rate Cuts
Benzinga
0:37
Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'
Benzinga
0:30
Fed Raises Interest Rates
Benzinga
16:35
Federal Reserve Chair Jerome Powell’s Jackson Hole Symposium Speech
Benzinga
0:42
Dow Plunges 1,100 Points as Fed Lowers Interest Rate Cut Outlook. Fed’s Powell Cites Uncertainty in Slower Rate Cut Pace.
Benzinga
0:31
Interest Rate Increases Will Hinge on Data, Powell Says
Benzinga
0:30
Powell’s Recalibration Buzzword Marks New Fed Policy Direction as Fed Makes 50 Basis Point Rate Cut to Adjust Policy
Benzinga
4:25
Fed cuts rate by 0.25% for first time since 2008: Analysis from New York Thomson Reuters Angela Moon
Arirang News
0:48
Jerome Powell Says US Economy In 'Remarkably Good Shape,' Fed Can Be 'A Little More Cautious' With Interest Rates
Benzinga
2:25
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Arirang News
0:58
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting
Benzinga
0:47
Fed Chair Powell Pushes Back on Inflation Tolerance Claims, Reiterates Commitment to 2%
Benzinga
0:38
Mohamed El-Erian Criticizes Fed Chair Powell's Interview Performance: 'He Struggled With Some Of The Smart Questions'
Benzinga
0:30
2019 Economic Forecast: Federal Reserve Chair Jerome Powell Defends Rate Hikes
Newsweek
0:43
Druckenmiller Wary of Fed's Overdoing Rate Cuts After Jobs Data. Payrolls Increase, Lower Unemployment Shift Fed Expectations.
Benzinga
0:39
​​Trump’s Election Won't Shift Fed's Near-Term Path, Says Fed Chair Jerome Powell
Benzinga
1:48
US Fed rate cut splits opinions just weeks before election
AFP English