On the recordJune 24, 2025
I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.
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cnn.comI wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.
Powell suggests no urgency for rate cuts given the economy's strength.
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More from Jerome Powell
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.