Powell: Rate Cut Possible If Data Supports

BlockBeats News, May 8: Federal Reserve Chairman Powell said on Wednesday local time that the monetary policy outlook may include lowering short-term interest rates. He stated during a press conference that the outlook "may include" a rate cut or keeping rates steady, depending on the economic conditions. The fluctuation in GDP data will not fundamentally change our situation.

Furthermore, Powell stated, "I have never asked to meet with the president, and I would never do so." (FXStreet)