Powell: Rate cuts likely if economy 'evolves' on disinflation path

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#jeromepowell #fedratecuts #economy #yahoofinance Federal Reserve Chair Jerome Powell is in for another day of Capital Hill hearings, testifying before the Senate Banking Committee on Thursday. Powell assures lawmakers that interest rate cuts will be in the Fed's cards if disinflation makes its way through the rest of the US economy. He cautions Yahoo Finance Fed Reporter Jennifer Schonberger joins the Live Show to detail Powell's latest statements to lawmakers in this morning's session, highlighting comments on the Fed's outlook for its Basel III capital requirements. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-03-07 · Watch on YouTube ↗
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