Fed Chair Powell Maintains Firm Stance on September Rate Cut

According to BlockBeats, Federal Reserve Chair Jerome Powell has taken a firm stance regarding the possibility of a rate cut in September. In a social media post, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' highlighted Powell's cautious approach. When asked under what circumstances a rate cut might occur in September, Powell refrained from providing a specific answer. He emphasized the need to observe the evolution of data, acknowledging the existence of multiple possibilities. Powell stated that decisions will be made based on comprehensive data analysis and risk balance assessments. As Potomac Research Group frequently notes, if we are hungry, we will naturally eat.