Topline
Federal Reserve Chairman Jerome Powell said Friday it’s too early for the Fed to declare victory in its war on inflation or roll back its related increases in interest rates, though markets continue to increasingly price in a friendlier Fed, driving stocks’ historic rally.
Key Facts
It’s “premature” to “speculate” on when the central bank may cut rates from its two-decade high of over 5%, Powell said during prepared remarks at Atlanta’s Spelman College, adding Fed staff are “prepared” to raise rates again if needed.
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