On Wednesday afternoon, Federal Reserve Chair Jerome Powell held a briefing as the central bank prepared for its third interest rate cut. This adjustment followed a slight increase in inflation last month, though a strong November jobs report and improvements in consumer confidence might prompt the Fed to reconsider further rate reductions.
The timing of this move coincides with President-elect Trump’s upcoming return to the White House, where his economic policies have drawn warnings from experts about potential inflationary pressures and increased deficits.
The Fed had previously lowered rates twice this year, first by half a point in September and then by a quarter-point in November, marking a steady change in its monetary policy. During the briefing, Powell was also anticipated to provide insights on the Federal Reserve’s projections for 2025. To view more details, refer to the video above.
