Federal Reserve Chair Powell Anticipates Further Rate Cuts

According to Odaily, Federal Reserve Chair Jerome Powell has indicated that interest rates are expected to decrease further, although the extent of these reductions may be limited in the coming months. Powell noted that the Federal Reserve might implement additional rate cuts, as economic trends and dynamics are projected to remain stable in the short term. This stability includes a slowdown in the job market and a cooling of inflation, while interest rates continue to be at restrictive levels. Maintaining rates at their current high levels could potentially increase unemployment rates. Powell stated, "Over time, we will shift policy towards a more neutral level."