Powell Tells Congress Fed Still in No Rush to Lower Rates

Bloomberg

Feb 11, 2025

Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.“With ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2510338887"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2510338887\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2510338887?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-11 23:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2510338887","market":"us","top_or_hot":-1,"title":"Powell Tells Congress Fed Still in No Rush to Lower Rates","media":"Bloomberg","content":"<div>\n<p>Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.“With ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-11/powell-tells-congress-fed-still-in-no-rush-to-lower-rates\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell Tells Congress Fed Still in No Rush to Lower Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell Tells Congress Fed Still in No Rush to Lower Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-11 23:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-02-11/powell-tells-congress-fed-still-in-no-rush-to-lower-rates><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.“With ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-11/powell-tells-congress-fed-still-in-no-rush-to-lower-rates\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2025-02-11/powell-tells-congress-fed-still-in-no-rush-to-lower-rates","article_id":"2510338887","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2025-02-11/powell-tells-congress-fed-still-in-no-rush-to-lower-rates","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2510338887","pubTimestamp":1739286000,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest ra","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index"},"translate_title":"鲍威尔告诉国会美联储仍不急于降息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TQQQ":1.1,".IXIC":1.1,".SPX":1.1,".DJI":1.1,"SPY":1.1,"QQQ":1.1,"SQQQ":1.1},"content_text":"Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.“With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” Powell said in remarks prepared for testimony Tuesday before the Senate Banking committee.“We know that reducing policy restraint too fast or too much could hinder progress on inflation,” he said. “At the same time, reducing policy restraint too slowly or too little could unduly weaken economic activity and employment.”Fed policymakers left the central bank’s key policy rate unchanged following their January meeting, after three consecutive interest-rate cuts in the final months of 2024. Powell and other officials have signaled they are likely to hold rates steady until they see more progress on lowering inflation, and as they await further details on President Donald Trump’s economic-policy plans.The labor market remains sound, which officials have said also allows them to be patient in considering further interest-rate reductions. Powell on Tuesday described the labor market as “broadly in balance” and “not a source of significant inflationary pressures.”The most recent employment data painted a picture of a slowing, but solid labor market. Employers added 143,000 jobs in January and the unemployment rate ticked down to 4%. Inflation, as measured by the Fed’s preferred gauge, remained above target at 2.6% at the end of 2024. Powell said inflation is “somewhat elevated” above the central bank’s 2% goal.In his testimony, Powell added that inflation expectations “appear to remain well-anchored.”Trump’s policy proposals, meanwhile, have added a layer of uncertainty to the economic outlook and will likely prompt a line of questioning for the the Fed chair. The Trump administration has ramped up tariffs on goods from China, threatened additional duties on Canada and Mexico and on all imports of steel and aluminum, and launched a promised immigration crackdown.Those measures could put upward pressure on inflation, weigh on economic growth or constrict the number of available workers, all of which would likely have policy implications for the Fed. Some Fed officials have begun to factor in Trump’s policies into their forecasts for how the economy will evolve, while others have said they haven’t yet seen enough details on the plans to do so.Deregulatory Push“We are attentive to the risks to both sides of our dual mandate, and policy is well positioned to deal with the risks and uncertainties that we face,” Powell said.Lawmakers will likely also probe Powell on financial regulation, as Trump advances a deregulatory push across the federal government. That push has already played a role in the coming resignation of Fed Governor Michael Barr from this role as vice chair for supervision. Though he will stay on as a governor, Barr has said he’ll step down from the regulatory post at the end of February, in part to avoid a clash with the new administration.Powell could also be pressed on whether the central bank’s apparent compliance with Trump’s executive order ending federal diversity, equity and inclusion efforts runs afoul of legal requirements under the Dodd-Frank Act of 2010.Powell is also set to appear before the House Financial Services Committee on Wednesday.","kind":"live","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}