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Fed Chair Powell: More Officials Want to Postpone Rate Cut
Summary: According to sources, Fed Chair Powell stated that more and more Federal Reserve officials are considering postponing the upcoming rate cut. Powell said, 'After cutting rates at the past two policy meetings, some officials feel we should adopt a wait-and-see approach. Now, more and more people believe that perhaps we should at least wait for ...
According to sources, Fed Chair Powell stated that more and more Federal Reserve officials are considering postponing the upcoming rate cut. Powell said, 'After cutting rates at the past two policy meetings, some officials feel we should adopt a wait-and-see approach. Now, more and more people believe that perhaps we should at least wait for one cycle.'
