Jerome Powell Rate Cuts 2024. Washington (ap) — inflation in the united states is slowing again after higher readings earlier this year, federal reserve chair jerome powell said tuesday,. Following a meeting of the federal open markets committee, powell announced that the fed left interest rates unchanged, but projects it may cut rates.

In december, fed officials indicated that they envisioned three rate cuts in 2024, reducing their benchmark rate to about 4.6% by year’s end. The federal reserve left interest rates unchanged and jerome h.