Powell: If Inflation Is Weaker Than Expected, Rate Cuts May Come Sooner

According to a report by Jinse Finance, Federal Reserve Chairman Jerome Powell submitted the semiannual monetary policy report to the House Financial Services Committee: The United States is not currently in a state of economic recession, and the Atlanta Fed’s GDP model does not indicate any signs of a recession in the U.S. economy. Inflation may not be as strong as expected; if this is the case, it could mean that interest rate cuts may come earlier than anticipated. If the labor market weakens, rate cuts could also be implemented ahead of schedule.