Powell Says Fed Doesn’t Need to Rush Rate Cuts
WSJ Minute Briefing
Deep Dive
Shownotes Transcript
AI requires a lot of compute power, and the cost for your AI workloads can spiral. That is, unless you're running on OCI, Oracle Cloud Infrastructure. This was the cloud built for AI, a blazing fast enterprise-grade platform for your infrastructure, database, apps, and all of your AI workloads. Right now, Oracle can cut your current cloud bill in half if you move to OCI. Minimum financial commitment and other terms apply. Offer ends March 31st.
See if you qualify at oracle.com slash wallstreet, oracle.com slash wallstreet. Here's your midday brief for Tuesday, February 11th. I'm Anthony Bansi for The Wall Street Journal. On Capitol Hill, Federal Reserve Chair Jerome Powell today outlined two paths for the central bank in 2025. Hold rates steady if inflation doesn't improve or cut them if the economy slows more sharply.
Fed officials have been heartened by recent inflation readings that suggest price pressures have continued to be mild, but they're anxious over the Trump administration's potential policy changes that could derail their fight against inflation.
In markets, U.S. stocks pared back earlier losses after Powell's comments. By midday, the Dow was up a fraction of a percent. The S&P 500 was down 0.2 percent, and the Nasdaq was down about half a percent. Markets had opened lower after President Trump signed off on tariffs on steel and aluminum.
And at the AI Action Summit in Paris, Vice President J.D. Vance warned U.S. allies to keep regulation light. He pushed for a regulatory framework that, quote, fosters the creation of AI technology rather than strangles it. The remarks contrast with the push by other world leaders at the summit to agree on a common set of principles that they say will lead to safe AI systems that are energy efficient and available to the developing world. We'll
We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts. Okay, business leaders, are you here to play or are you playing to win? If you're in it to win, meet your next MVP. NetSuite by Oracle. NetSuite is your full business management system in one convenient suite. With NetSuite, you're running your accounting, your finance, your HR, your e-commerce, and more all from your online dashboard.
Upgrade your playbook and make the switch to NetSuite, the number one cloud ERP. Get the CFO's guide to AI and machine learning at netsuite.com slash wallstreet. netsuite.com slash wallstreet.