Powell: Rate Cuts Not Preset
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Federal Reserve Chair Jerome PowellReuters
•Powell says no need for Fed to rush rate cuts given strong economy
82% Informative
Fed Chair Jerome Powell says the economy is not sending any signals that we need to be in a hurry to lower rates.
Powell affirmed that inflation is "on a sustainable path to 2% " that will allow the Fed to move monetary policy "over time to a more neutral setting" But the pace of rate cuts "is not preset," Powell said at a Dallas Fed event.
Powell said the current situation was actually "remarkably good".
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