Powell says Fed can be more cautious, largely unchanged rate cut expectations

Odaily Odaily News: Federal Reserve Chairman Powell said on Wednesday that the U.S. economy is stronger than when the Fed began cutting interest rates in September last year, making policymakers likely to be more cautious about further rate cuts. Powell said: "We can be more cautious because we are trying to find a neutral position." Powell's remarks on Wednesday seemed to be in line with more cautious policymakers and largely echoed the previous view that the Fed can "carefully" consider rate cuts and does not need to act in a hurry. Powell's remarks on Wednesday did not significantly change the current expectation of another 25BP rate cut in December. (Jinshi)