Fed Chair Powell signals measured pace for future interest rate cuts

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Fed Chair Powell signals measured pace for future interest rate cuts - Business Mirror

Quick Summary:

WASHINGTON—Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.

Since the Fed’s rate cut, many policymakers have given speeches and interviews, with some clearly supporting further rapid cuts and others taking a more cautious approach.

On Monday, Powell said that remains the most likely outcome.“If the economy performs as expected, that would mean two more cuts this year,” both by a quarter-point, Powell said.