Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC.
If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served.
Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday.
The Fed needs to start that process back gradually to normal, which means gradually reducing interest rates."
If the inflation job is done, or we're on that glide path, it's OK, the Fed can start stepping aside."
Persons:
Jerome Powell, William McChesney Martin Jr, Claudia Sahm, Sahm
Organizations:
Federal Reserve, New Century Advisors, CNBC, Fed
Locations:
Washington , DC