Powell Says the Fed Can Be More Cautious, Overall Does Not Change Rate Cut Expectations
Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. economy is performing stronger than when the Fed began cutting rates in September of last year, which may lead policymakers to be more cautious about further rate cuts. Powell stated, "We can be more cautious as we try to find a neutral stance." His comments on Wednesday align with the more cautious stance of some policymakers and largely echo the view that the Fed can take its time with rate cuts, rather than rushing into decisions. Powell's remarks did not significantly alter the current expectation of a 25 basis point rate cut in December.
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