Fed's Powell: Inclined to Gradually Lower Interest Rates This Year, Until Next Year

BlockBeats News, October 14, Federal Reserve's Powell stated that he is inclined to gradually lower interest rates through the end of this year and into next year. The increasing risks in the labor market should be the primary focus of monetary policy. The inflation impact of tariffs has been smaller than expected so far. Tariffs are expected to raise inflation, but not to sustainably increase it. It is still unclear what the neutral interest rate level is, but he advocates for a cautious approach to the pace of rate cuts. (FXStreet)