Powell Warns Against Expecting Automatic Rate Cuts in the Future
CryptoNewsTerminal Staff18 Sep, 2024
Powell Warns Against Expecting Automatic Rate Cuts in the Future
Jerome Powell, the Federal Reserve Chair, cautioned against expecting automatic rate cuts in the future at his post-FOMC press conference. Powell emphasized that the Fed has approached rate cuts with an open mind and will base future decisions on economic data. He stated, "We should not assume further rate cuts are guaranteed. We will make judgments based on incoming information and our economic assessment." Powell's comments suggest that the Fed's future actions will depend on the evolving economic landscape rather than any predetermined course.
