Free Trial

MNI: Fed's Powell Says Can Proceed 'Carefully' With Rate Cuts

Fed Chair Jerome Powell speaks at Dallas Fed event.

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said Thursday a strong economy means policymakers do not need to be in any rush to lower interest rates toward more neutral levels. 

"The economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said in prepared remarks to a conference at the Dallas Fed. 

Keep reading...Show less
313 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said Thursday a strong economy means policymakers do not need to be in any rush to lower interest rates toward more neutral levels. 

"The economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said in prepared remarks to a conference at the Dallas Fed. 

Keep reading...Show less