New York CNN —
The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates. But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet.
That’s the message Fed Chair Jerome Powell delivered on Friday.
“We don’t need to be in a hurry to cut,” he said, adding that strong employment data is buying the central bank more time to wait until inflation gets closer to 2%.
Hours before Powell spoke at an event hosted by
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