Powell: Fed Ready for Economic Shifts, No Imminent Rate Cut

Federal Reserve Chairman Jerome Powell maintains a cautious stance on interest rates, with no immediate plans for a cut. The Fed has already reduced rates by 175 basis points, placing the federal funds rate near its neutral value. Powell emphasizes a flexible approach, making decisions on a meeting-by-meeting basis, and will adapt to economic conditions as they evolve.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.