After the Federal Reserve opted to cut interest rates by 25 basis points at its December meeting, Fed Chair Jerome Powell echoed the central bank's caution around the rate cuts expected in 2025. "We see ourselves as still on track to cut" in 2025, Powell asserted, with the majority of Fed officials forecasting two rate cuts for 2025.
Yahoo Finance Fed reporter Jennifer Schonberger highlights the biggest takeaways from Powell's press conference following the rate decision, including the chair's outlook on reaching the 2% inflation target and the uncertainty lying around President-elect Donald Trump's policy proposals.
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This post was written by Luke Carberry Mogan.