![Federal Reserve Chair Jerome Powell said the central bank isn't in a rush to cut interest rates even though inflation is getting closer to its 2% target.](https://abc17news.b-cdn.net/abc17news.com/2024/03/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbHVjeHFpaTcwMDAwMzU2aHVvZWJrZzg4-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2NsdWN0eGV6ZzAwMGsyNnFzaDYyOTF2aW0-375x225.jpg)
Fed Chair Jerome Powell signals rate cuts aren’t imminent
By Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates. But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet. That’s the message Fed Chair Jerome Powell delivered
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