Fed's Powell cautions little conviction in forecasted rate outlook

Record ID: 1992817

  • Title: Fed's Powell cautions little conviction in forecasted rate outlook
  • Date: 18th June 2025
  • Summary: WASHINGTON, D.C., UNITED STATES (JUNE 18, 2025) (UNRESTRICTED POOL) U.S. FEDERAL RESERVE BOARD CHAIR JEROME POWELL APPROACHING LECTERN (SOUNDBITE) (English) U.S. FEDERAL RESERVE BOARD CHAIR JEROME POWELL, IN AN EXCHANGE WITH A REPORTER, SAYING: REPORTER: "Your friend down at 1600 Pennsylvania Avenue continues to lob insults in your direction. And I'm wondering, given now t
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  • Keywords: Fed Chair Powell Federal Reserve Powell economy interest rate
  • Location: WASHINGTON, D.C., UNITED STATES
  • City: WASHINGTON, D.C., UNITED STATES
  • Country: US
  • Topics: Economic Events,North America
  • Reuters ID: LVA001320118062025RP1
  • Aspect Ratio: 16:9
  • Story Text: U.S. Federal Reserve Chairman Jerome Powell on Wednesday (June 18) dismissed criticism from President Donald Trump who asserted the Fed chair has done a "poor job."
    "We think we're in a good place," Powell told reporters when he was asked about the messages coming from the White House. "That is what matters to us," he said.
    Powell also said the central bank's interest rate forecasts could change based on incoming data, especially on the inflation front.
    While policymakers still anticipate cutting rates by half a percentage point this year, they slightly slowed the expected pace from there to a single quarter-percentage-point cut in each of 2026 and 2027.
    (Production: Deborah Lutterbeck)
  • Copyright Holder: POOL (CAN SELL)
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