"Fed megaphone": Powell refuses to preset a rate cut path
2025-07-30 19:56:38
Nick Timiraos, chairperson of the US Federal Reserve, said Mr. Powell had taken a "hard defensive stance" on whether to cut interest rates in September. When asked what would trigger a cut in September, he said: "I won't give a specific answer. We need to watch the evolution of the data, there are many possibilities." We will make decisions based on comprehensive data analytics and risk balance assessments. "As Potomac Research often says: if we are hungry, we will eat.
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