Fed Chair Powell warns against relying too heavily on Fed's interest rate forecasts

From Yahoo Finance: 2025-06-18 15:08:00

Federal Reserve Chairman Jerome Powell cautioned against relying too heavily on the central bank’s interest rate forecasts, which are subject to change based on incoming data, particularly regarding inflation. Despite the Fed’s expectation of two interest rate cuts this year, Powell emphasized that these projections are not set in stone and are contingent on economic conditions. Powell also noted that both external forecasters and the Fed anticipate a significant increase in inflation in the near future, which will be a key factor in monetary policy decisions moving forward.



Read more at Yahoo Finance: Fed’s Powell cautions little conviction in forecasted rate outlook