The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

Business Insider

Lean Left

Mixed Factuality

Private Equity: Kohlberg Kravis Roberts

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty ImagesUS Fed chair Jerome Powell has signaled a delay in expected interest rate cuts.He said the Fed needs more time to be confident that its fight against inflation is working.An analyst suggests excess money, a result of pandemic-era policies, may be drained from the economy this year.US Federal Reserve chair Jerome Powell damped expectations of impending interest rate cuts …