Jerome Powell March 2024. Wall street is desperate for a rate cut, but fed chair jerome powell is keeping them waiting. When federal reserve chairman jerome powell trekked to capitol hill in june of last year, he reiterated his commitment to restoring inflation to the central bank’s 2% annual.
Updated 10:22 am pdt, march 6, 2024. Federal reserve chair jerome powell said the central bank isn’t in a rush to cut interest rates even though inflation is getting closer to its 2% target.