Fed's Powell Rethinks Rate Cuts in 2024

What You Need To Know

• Federal Reserve Chair Jeome Powell's lack of urgency to adjust rates echoes that of his colleagues.
• Austan Goolsbee, head of the Chicago Fed, said progress on inflation has stalled out.
• Some policymakers are increasingly coming around to the idea that the post-pandemic economy is fundamentally different from the years leading up to it.