FED Chair Jerome Powell says it could be a couple years before interest rate cuts.| ASX Mining News & Discussion
FED Chair Jerome Powell says it could be a couple years before interest rate cuts.
https://v.redd.it/tjww17d6b66b1
... view | 862 points by Cryptobro 3y
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Isntstaffbutis • 3y
AAAAAAAND: the marketa rallies
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Isntstaffbutis • 3y
Hope so. A quick interest cut before the inflation has a chance to cool can be disastrous.
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Isntstaffbutis • 3y
Ima go ahead and guess. That’s a lie.

Edit: and the circus act continues
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Isntstaffbutis • 3y
He is saying this to get people to borrow now and not wait for rates to lower. Yes will be around a year before they start to go down, but it isn't going to be years.
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Isntstaffbutis • 3y
Their own dot plot is showing rate cuts in 2024 to 4.6% so…. What?
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