Jerome Powell Rate Cuts 2024. 18, as the central bank turns the corner in its fight against inflation. Federal reserve's 2% target, but has been improving in recent months and more good data would strengthen the case for.

Powell hinted at upcoming fed interest rate cuts due to easing inflation and a cooling job market. Powell, the fed chair, and christine lagarde, the european central bank chief, sounded optimistic about recent inflation data but reiterated the need.