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by the federal chair. fed chair based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at three rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david russell at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. in other news, now to other stories making headli ....
given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross believes that this is the right call telling me thatjerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. let s turn our focus now to social media because the bosses of ....
by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. now to other stories making headlines. boeing boss dave calhoun has adm ....
before you get the burgers on the grill. let s take a look at some of the week s top stories. desantis has officially entered the 2024 white house race. as we said, the livestream event on twitter got off to a rocky start, crashing several times with the announcement delayed by the more than 20 minutes due to a series of technical glitches. sorry about that, we ve got so many people here, i think we are kind of melting the servers. let s see, so yeah. just to simplify. let s see. crashing, huh? i think we re back online here. great. all right. well, it s certainly an incredible honor to have governor desantis make this stark announcement. oh, the technical troubles drew mockery on social media. president joe biden posted a link to his donation page, writing simply, this link works. and former president donald trump had a series of posts on truth social, calling the announcement fatal and a disaster. he also had one strange post where he wrote, quote, r ....
newsroom. i m jim acosta in washington. we are following two developments in two major stories. a short time ago in texas, the state house of representatives voted to impeach attorney general ken paxton. he is accused of bribery and abuse of public trust. the conservative republican calls the proceedings a politically motivated sham. meanwhile in washington, we re waiting for details on a phone call wrapping up, or may have already wrapped up, between president biden and house speaker kevin mccarthy. the debt ceiling talks have reached a crucial moment of sorts. negotiations are now down to one final sticking point. work requirements for social safety net programs. the white house and republican leaders may have as many as eight days for preventing the u.s. from defaulting on its debts. many predict economic disaster if that happens. we have a reporter at the white house and on capitol hill. manu, what do you think? do you think we ll get some kind of readout from the s ....