Because the economy is doing well, the Fed can take its time

 to decide when and whether to lower interest rates.

Powell told members of the Senate Banking Committee.

“We’re in a pretty good place with this economy. We want to make more progress on inflation. And we think our policy rate is in a good place, and we don’t see any reason to be in a hurry to reduce it further,” 

Wall Street Journal 11 February 2025

https://www.wsj.com/economy/central-banking/fed-chair-jerome-powell-senate-c34205c6

Fed has cut interest rates hard since September, but borrowing costs for Uncle Sam and everyone else have stayed elevated.

https://englundmacro.blogspot.com/2025/02/federal-has-cut-interest-rates-hard.html