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Fed Officials Split on Rate Cuts as Powell Urges Caution
Fed Officials Split on Rate Cuts as Powell Urges Caution
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BTCCSquare news:
Federal Reserve Chair Jerome Powell struck a cautious tone during his semiannual testimony to Congress, emphasizing the need for more economic data before considering policy changes. Despite strong economic indicators, Powell highlighted lingering inflation risks from trade policies, with the Fed's preferred inflation gauge expected to rise to 2.3% in May.
The policy divide within the Fed widened as two Trump-appointed officials—Governor Michelle Bowman and Christopher Waller—signaled openness to rate cuts as early as July. Their stance contrasts sharply with Powell's restraint and reflects the split revealed in the latest Fed "dot plot," where nearly half of voting members opposed easing.
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