Fed Meeting June 2024 Commentary

Fed Meeting June 2024 Commentary. Fed chair jay powell pushed back on growing concerns that the fed’s next monetary policy action might be a rate hike, not a rate cut. We are wrapping up our live page coverage of federal reserve chairman jerome powell's speech at the the kansas city fed's annual jackson hole.

The federal reserve said wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously. [right/left arrows] seeks the video forwards and back (5 sec );