On the recordMarch 12, 2025
The core messaging from the January meeting, where Chair [Jerome] Powell emphasized the Fed was 'not in a hurry' to make adjustments to policy, is likely to remain in place in March.
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cbsnews.comThe core messaging from the January meeting, where Chair [Jerome] Powell emphasized the Fed was 'not in a hurry' to make adjustments to policy, is likely to remain in place in March.
Powell's statement reflects the Fed's cautious approach to policy adjustments amid economic concerns.
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More from Jerome Powell
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Rising downside risks to employment have shifted our assessment of the balance of risks