The Federal Reserve Bank has shifted its stance on interest rate cuts, now indicating they will consider cuts when inflation is heading towards 2%, rather than strictly waiting for it to reach 2%.
"what the Federal Reserve Bank used to say was that they're not going to cut interest rates until they see inflation fall to 2% and then just recently what the feder Reserve Bank started to say is we're not going to wait until we see 2% inflation we're going to wait until we see see inflation heading towards 2%"