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MNI TRANSCRIPT: Powell on Further Rate Moves

     WASHINGTON (MNI) - The following is the portion of a transcript from
Federal Reserve Chairman Jerome Powell's press conference after the FOMC meeting
Wednesday:
     Q: Hi. Are there any circumstances under which you would decide to pause at
one interest rate cut, today's interest rate cut, and not go ahead with further
monetary easing at this stage, or are you predicting that, you know, once you
have embarked on this easing, you will have to at least move by one more notch
going forward? 
     A: So our policy will depend on the implications of incoming data for the
economic outlook, as well as evolving risks to the outlook. So we're going to be
monitoring the implications of incoming information for the outlook, as I
mentioned. And so that's really where I'll leave you with that.
--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MMUFE$,M$U$$$]

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