Federal Reserve Chair Jerome Powell stated on Monday that the central bank will not wait until inflation reaches 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell explained that due to the “long and variable lags” in central bank policy, waiting for the target could lead to over-tightening and push inflation below 2%. Instead, the Fed seeks “greater confidence” that inflation will return to 2%, bolstered by recent favorable inflation data.
For more information about New Jersey, Pennsylvania or New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com. WCRE, is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage firm that specializes in healthcare, office, retail, land, industrial, and investment properties.
WCRE is a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings, services and property management services for landlords, owners, investors, tenants and more.
As experts in tri-state region, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their commercial real estate goals.
