Powell: Fed cannot be 'preemptive' on rate cuts, needs to see more data

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  Posted by Two Blokes May 7 - Filed in General - #TwoBlokesTrading  - 2 views
  
  Fed Chair Jerome Powell said central bank is not looking to cut rates preemptively due to the fact that inflation is still running above target, with forecasts for another potential rise in inflation in the near term.