‘Patience Really Matters’: Fed Wants Several More Months of Good Inflation Data Before Rate Cut

A rate hike is ‘probably unnecessary,’ says Federal Reserve Governor Christopher Waller.
‘Patience Really Matters’: Fed Wants Several More Months of Good Inflation Data Before Rate Cut
The Federal Reserve System building in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times
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The Federal Reserve will keep interest rates higher for longer until there is clear evidence that inflation is coming down to its 2 percent target, as central bank officials expressed the need for “patience” before cutting rates.

Monetary policymakers were spooked in the first quarter after three consecutive hotter-than-expected inflation readings, revealing a reacceleration in the various gauges.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."