Powell: At some point we will resume cutting rates
8 hours ago
Odaily News Federal Reserve Chairman Powell said that at some point we will resume rate cuts. Budget cuts have limited some economic data from federal agencies, but have not yet affected the Fed's ability to fully measure the strength and direction of the U.S. economy, but the trend of declining data availability is worrying. Powell said in response to a senator's question at a Senate Banking Committee meeting: "(I) don't want anyone to think that the data has deteriorated to the point where we can't understand the economy. Although it is not perfect, the direction of its development is worrying." (Jinshi)
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