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FED: Chair Powell Questioned on a Potential September Cut

FED
  • Q: If inflation is as expected between now and September, would you regard a cut as the baseline? In what ways are you not confident?
    • A: I'll give an example of cases in which it would be appropriate to cut and maybe that it wouldn't be appropriate to cut.  If we were to see inflation moving down quickly or more or less in line with expectations, growth remains reasonably strong, and the labor market remains consistent with its current conditions, then I would think that a rate cut could be on the table at September meeting.
    • If inflation were to prove stickier and we were to see higher rates of inflation and disappointing readings, we would weigh that along with other things.  I think it is going to be not just any one thing. It is going to be the inflation data, the employment data, the balance of risks as we see it.  It is going to be the totality of all of that to help us make the decision.
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