📉Jerome Powell stated moving too soon on rate cuts would set off inflation again.
📈He also mentioned that moving too late on rate cuts could result in policy being too light.
🗓️The market reacted negatively to Powell's comments, reducing expectations of a rate cut in March.
💸Investors are closely watching the Federal Reserve's decisions on interest rates and their impact on the economy.
📺'60 Minutes' interview with Jerome Powell provided insights on the Fed's stance on rate cuts.
What did Jerome Powell say about rate cuts?
—Jerome Powell stated that moving too soon on rate cuts would set off inflation again, while moving too late could result in policy being too light.
How did the market react to Powell's comments?
—Powell's comments dampened expectations of a rate cut in March, leading to a negative reaction in the market.
Why are investors closely watching the Federal Reserve's decisions on interest rates?
—Investors closely watch the Federal Reserve's decisions on interest rates as they can have a significant impact on the economy and financial markets.
Where can I watch the '60 Minutes' interview with Jerome Powell?
—The '60 Minutes' interview with Jerome Powell can be watched on the official '60 Minutes' website or on various streaming platforms.
What is the current stance of the Federal Reserve on rate cuts?
—The current stance of the Federal Reserve on rate cuts is cautious, with Powell suggesting that moving too soon or too late could have negative consequences.
02:36Fed Chair Jerome Powell stated in a '60 Minutes' interview that moving too soon on rate cuts would set off inflation again, while moving too late could result in policy being too light.
02:43Powell's comments dampened expectations of a rate cut in March, leading to a negative reaction in the market.
04:00Investors are closely watching the Federal Reserve's decisions on interest rates as they can have a significant impact on the economy and financial markets.
04:12The '60 Minutes' interview with Jerome Powell provided insights on the Fed's stance on rate cuts.
