Powell says Fed can Afford to be a Little More Cautious

U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger than it had appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be more cautious in lowering rates further.

"We can afford to be a little more cautious as we try to find neutral," Powell said at a New York Times event.

His remarks are likely his last before a quiet period for Fed officials prior to the Dec. 17-18 meeting beginning on Saturday... 

 

 

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