Powell Says Fed Doesn't Need to Rush to Cut Rates

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Bloomberg Jun 24 21:44 · 19k Views

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00:00 If it turns out that inflation pressures do remain contained, then we will get to a place where we cut rates
00:06 sooner rather than later.
00:07 But I I wouldn't want to say, I wouldn't want to point to
00:10 a particular meeting.
00:11 I don't think we need to be in any rush because the economy is still strong,
00:15 the labor market is strong.
00:16 If we were to see the labor market, you know, meaningfully weaken in a way that was concerning,
00:21 that would matter for that decision.
00:23 But if and if we see inflation,
00:25 you know, continuing not to move up, we, we hadn't expected inflation to move up much.
00:29 We do expect it to move in in the summer.
00:32 And if we see it
00:33 not happening in the other, we'll learn from that.