AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bloomberg Surveillance
Instant Reaction: Jay Powell Speaks
Mar 29, 2024
Wells Fargo Senior Economist Sarah House joins to discuss Chair Powell's cautious stance on rate cuts, market expectations, Fed transparency, and inflation data. Topics include Fed policy attention, market reactions, and challenges in decision-making.
15:45
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Fed Chair Powell stresses caution in interest rate cuts tied to inflation progress.
- Economic data such as Core PCE influences Fed's monetary policy decisions and market expectations.
Deep dives
Federal Reserve's Approach to Interest Rates
Chairman Powell from the Federal Reserve highlighted the Fed's cautious approach towards cutting interest rates during the Macroeconomics and Monetary Policy Conference. He emphasized the importance of waiting for clear progress towards the 2% inflation target before considering rate cuts. Powell reiterated the Fed's focus on staying patient and not being in a hurry to cut rates unless confident about inflation trends, emphasizing transparency and stability in monetary policy decisions.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode