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FED: Powell Asked on How a 2024 Cut Would Impact the Economy

FED
  • Q: Could you give us a sense what a cut by the end of the year could do to the economy?
    • A: Would be hard for you to see the impact of 1 rate cut on the US economy.  I think when we continue to start to loosen policy, that will show up in a significant loosening in financial market conditions and the market will price in what it prices in.
    • You want to avoid the tendency to dismiss the parts of inflation we don't like; today's report was only one reading but was much more positive; but you don't want to be too motivated by any single data point.

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