Yesterday, Federal Reserve Chair Jerome Powell called into question whether the Fed will be able to lower interest rates this year as hoped. WSJ’s <a href="https://www.wsj.com/news/author/nick-timiraos">Nick Timiraos</a> on how the Fed’s outlook on the economy has changed. 

Further Reading: 
- <a href="https://www.wsj.com/economy/central-banking/powell-dials-back-expectations-on-rate-cuts-00e3e5d0">Powell Dials Back Expectations on Rate Cuts</a> 
- <a href="https://www.wsj.com/economy/central-banking/fed-rate-cuts-are-now-a-matter-of-if-not-just-when-144a978e">Fed Rate Cuts Are Now a Matter of If, Not Just When</a> 

Further Listening: 
- <a href="https://open.spotify.com/episode/6ej3XxbWSmApOOrwhHCqqh?si=50908bd6db1a4687">Janet Yellen on Inflation and the U.S. Economy</a> 
- <a href="https://open.spotify.com/episode/3w4YyLOJKp6XVhFnPugU3v">Inflation Is Down. Unemployment Is Low. Is This a Soft Landing?</a> 
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Why the Fed Is Steering Away From Rate Cuts

The Journal.