Powell Leaves Fed's Rate Options Open
"With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Fed Chair Jerome Powell said Monday during his semiannual monetary policy testimony on Capitol Hill.
Powell testimony live: Fed chair tells Senate bank is in ‘no hurry’ to cut interest rates
The Federal Reserve chair said in testimony to the Senate Committee on Banking, Housing and Urban Affairs on Tuesday: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.”
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Federal Reserve chairman Jerome Powell says he isn’t rushing on rate cuts and the economy remains in solid shape.
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