๐ฆ๐บ๐ธ During a press conference following the September Federal Open Market Committee (FOMC) meeting, U.S. Federal Reserve Chairman Jerome Powell emphasizes that he currently has no plans to provide signals or hints regarding the timing of interest rate cuts. ๐ซโฐ
Powell explains that if the Federal Reserve does decide to cut interest rates, it might be in response to declining inflation and increasing real interest rates. However, he underscores the existing high levels of uncertainty and notes that the appropriate time for such a cut will be determined in the future. ๐๐๐ฌ
The Fed remains vigilant, ready to adapt its policies as economic conditions evolve. #FederalReserve #InterestRates #EconomicOutlook