The views expressed on this podcast are those of the participants, not of Rojers' News.

We are prepared to tighten policy further, if appropriate.

We're committed to achieving a stance of monetary policy that is sufficiently restrictive

to bring inflation sustainably down to 2% over time and to keeping policy restrictive

until we're confident that inflation is on a

path to that objective.

That was Jerome Powell, chairman of the Federal Reserve, speaking this week about his decision

to hold rate steady and crucially cut rates three times next year.

So what does this change in tack mean for the US and beyond? Stay tuned

for this week's Viewsroom. Welcome back to the Viewsroom, a podcast from Reuters breaking

views where columnists from around the world talk about the big stories of the week. I'm your host,

Amy Donovan, coming to you from London. Central bankers are at a crossroads.

On Wednesday, Jerome Powell held interest rates in the range of 5.25% to 5.5%

but investors will be far more focused on his promise to make cuts in 2024.

Similarly, the Bank of England and the ECB held rates steady despite relatively high inflation in the UK.

Maintaining the status quo makes sense when inflation is easing and there are concerns about the

overall health of the economy. But are investors preparing for even more cuts and how will this

new phase of policymaking affect the world and companies? Here to talk me through this

evolving situation is Peter Tal Larsson, Global Head of Breaking

Views, and Francesco Guerrera, our global editor of economics. Welcome Francesco and Peter.

Hi, Amy. So this was, yeah, this was this was this was big Francesco yesterday with the Fed. I mean, I think a lot of people obviously expected them to hold, yeah, this was big, Francesco yesterday with the Fed.

I mean, I think a lot of people obviously expected them to hold, hold things steady.

...