On May 1, Federal Reserve Chair Jerome Powell offered a two-part message to eager interest rate watchers. The Fed is unlikely to increase interest rates this year, but policymakers there are also not rushing to cut them from 5.25%-5.5%. “I don’t know how long it’ll take,” Powell said of when the Fed might cut rates. [time-brightcove not-tgx=”true”] Interests rate shape markets, and that’s especially true with renewable energy.

Topics:  federal reserve chair jerome powell    ldquo;i   interests   energy   april   wood mackenzie   inflation reduction act   europe   fed   lcoe   investment   interest rate   rates   renewable   cost   projects   climate   markets   clean   fuel   high   increase   sources   spike   development   remain   build   point   true   math   cut   don’t   policymakers   fossil   electricity   debt   require   higher   continue   costs   discussion   places   it’s   gas   time   
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