Listen to RFI News
Expand Player
Listen Download Podcast
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/22 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/21 13h00 GMT
  • Paris Live PM 1300 - 1400 GMT
    News bulletin 08/20 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/05 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/04 13h00 GMT
  • 13h00 - 14h00 GMT
    News bulletin 04/03 13h00 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.

Fed's Powell doubles down on rate cut signal

media US Federal Reserve Board Chairman Jerome Powell attends a conference on the theme "Bretton Woods: 75 years later - Thinking about the next 75 years" at the Banque de France headquarters in Paris on July 16, 2019 AFP

Federal Reserve Chair Jerome Powell added more weight to expectations the central bank will cut interest rates later this month, stressing Tuesday that the US inflation outlook is near historic lows.

Economists and investors see it as a certainty that the Fed will lower the key borrowing rate at the policy meeting July 30-31, and Powell in recent statements has moved to solidify those predictions by pointing to some concerns about economic growth and persistent weak inflation.

Central bankers have "raised concerns about a more prolonged shortfall in inflation below our 2 percent target," Powell said in a prepared speech at a Bank of France event.

And amid continued uncertainty about global growth amid rising trade tensions, Powell said inflation expectations "are near the bottom of their historical ranges."

Despite the Fed's confidence that the US economy will continue to grow, many officials feel "the combination of these factors strengthens the case for a somewhat more accommodative stance of policy."

The Fed raised the policy rate four times last year and a rate cut this month would be the first in a decade.

Powell repeated that the central bank "will act as appropriate to sustain the expansion," which after 10 years is finally reaching marginalized segments of US society.

Sorry but the period of time connection to the operation is exceeded.