Markets can’t wait forever for Fed interest-rate cuts
Rates cuts may come sooner than anyone thinks.
Federal Reserve Chairman Jerome Powell is a touch on the stubborn side. He doesn't want to change the central bank's interest-rate policy unless it's really necessary.
He was very clear in a Washington speech Friday that he doesn't think a Fed rate cut is necessary. He would much prefer to wait until the next meeting of the Federal Open Market Committee on May 6-7.
