Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC.
Slowly but surely, recessionary talk is dying down and confidence in the Federal Reserve is picking up.
Chairman Jerome Powell indicated that with the economy still growing at a healthy pace and unemployment below 4%, the Fed can take a more measured approach when loosening monetary policy.
More from Personal Finance:Here's when the Fed is likely to start cutting interest ratesNearly half of young adults have 'money dysmorphia'Deflation: Here's where prices fellMonetary policy is a balancing act, Higgins explained.
At least, that is how it has played out in the past, he said.
Persons:
Jerome Powell, William McChesney Martin, Mark Higgins, Higgins
Organizations:
Bank, Federal Reserve, Fund, Finance
Locations:
Washington ,