"if you move too soon you'd see inflation settling out somewhere well above our 2% Target"
By Andrei Jikh | February 9, 2024 | Correct
From video
Stock Market All Time High: US Economy on an Unsustainable Path 00:05:57 - 00:06:01
Interpreted Prediction
If interest rates are lowered too soon, inflation will settle above the 2% target.
AI Evaluation Notes
Evaluated on 2026-04-27
Jerome Powell warned that cutting interest rates too soon could cause inflation to settle above the 2% target. Following the Fed's rate cuts starting in September 2024, inflation has remained consistently above 2%, currently standing at 3.3% as of March 2026.

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