{"id":88794,"date":"2024-07-16T01:19:42","date_gmt":"2024-07-16T05:19:42","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88794"},"modified":"2024-07-16T01:35:01","modified_gmt":"2024-07-16T05:35:01","slug":"powell-indicates-fed-wont-wait-until-inflation-is-down-to-2-before-cutting-rates","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2024\/powell-indicates-fed-wont-wait-until-inflation-is-down-to-2-before-cutting-rates.html","title":{"rendered":"Powell indicates Fed won\u2019t wait until inflation is down to 2% before cutting rates"},"content":{"rendered":"\n<p>(CNBC) Speaking at the Economic Club of Washington D.C.,\u00a0<a href=\"https:\/\/www.cnbc.com\/jay-powell\/\">Powell<\/a>\u00a0referenced the idea that central bank policy works with \u201clong and variable lags\u201d to explain why the Fed wouldn\u2019t wait for its target to be hit. \u201cThe implication of that is that if you wait until inflation gets all the way down to 2%, you\u2019ve probably waited too long, because the tightening that you\u2019re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,\u201d Powell said<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/07\/15\/powell-indicates-fed-wont-wait-until-inflation-is-down-to-2percent-before-cutting-rates.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Speaking at the Economic Club of Washington D.C.,\u00a0Powell\u00a0referenced the idea that central bank policy works with \u201clong and variable lags\u201d to explain why the Fed wouldn\u2019t wait for its target to be hit. \u201cThe implication of that is that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88794","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88794"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88794\/revisions"}],"predecessor-version":[{"id":88795,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88794\/revisions\/88795"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}