Powell's Cautious Approach to Interest Rates
Federal Reserve Chair Jerome Powell has emphasized a cautious approach to adjusting interest rates, stating there is no urgency to lower them. Despite recent inflation near the 2% target, Powell insists on a careful evaluation of economic data before making any changes. His remarks have tempered market expectations of a rate cut in December, impacting indices like the S&P 500 and Dow Jones. Powell's commitment to the Fed's independence remains firm, highlighting its role in managing inflation..
