Liberal Forum

It's literally what Powell said.


The goal was to slow borrowing and spending and cool the economy. “The most recent inflation readings, though, have shown some modest further progress,” Powell told the Senate committee, “and more good data would strengthen our confidence that inflation is moving sustainably toward 2%.”Jul 9, 2024
https://apnews.com › article › fede...
Fed's Powell highlights slowing job market in signal that rate cuts may