Summary of Key Points from Powell's June 24th Hearing in the U.S. House of Representatives

Wallstreetcn
2025.06.24 17:02
  1. Monetary Policy Outlook (including policy framework assessment): The decline in inflation and a weak labor market may indicate that the Federal Reserve will cut interest rates earlier than expected. Most members of the Federal Open Market Committee (FOMC) feel that a rate cut later this year is appropriate. If inflation is contained, the Federal Reserve can cut rates sooner rather than later. It is not intended to suggest that the Federal Reserve will decide to cut rates at a specific FOMC meeting. (In response to criticisms from the Trump administration regarding the Federal Reserve's inaction on monetary policy) Congressional members privately express that the Federal Reserve is doing the right thing. The Federal Reserve will discuss new wording around the policy framework
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.