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Instant Answers: Powell Says Time Has Come To Adjust Policy

FED
  • Does Powell indicate that a larger (50bp) cut is being considered at the next FOMC meeting?NO. "The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
  • Does Powell say a rate cut will likely be appropriate at "an upcoming meeting" or "soon"? YES.
  • Does Powell make no mention of lowering rates soon? NO.
  • Does Powell say the Fed would want to act to prevent weakness in the labor market from turning worse? YES. "We do not seek or welcome further cooling in labor market conditions. "
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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