“Fed not thinking about rate cuts right now at all”: Jerome Powell

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ANI News

New York [US], November 2 (ANI): Federal Reserve Chairman Jerome Powell dashed any hopes for a rate cut in the near future and said that the central bank is not “at all” thinking of the possibility currently. This comes as the Fed chose to hold off on an interest rate hike for the second straight month. At the Fed’s post-meeting press conference, Powell said the Fed’s monetary policy committee “is not thinking about rate cuts right now at all.” “We are still very focused on the first question, which is, have we achieved a stance of monetary policy that is sufficiently restrictive to bring infl…

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