On the recordMay 6, 2025
We don't have to be in a hurry. The economy is resilient and doing fairly well.
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nbcnews.comWe don't have to be in a hurry. The economy is resilient and doing fairly well.
Powell emphasized the economy's resilience and the Fed's cautious approach to interest rates.
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Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
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.