Powell: Current Economic Growth May Be Stronger Than Expected, September Rate Cut Quite Reasonable

BlockBeats News, October 15th, Federal Reserve Chairman Powell stated that the future direction of monetary policy will be driven by data and risk assessment. Data before the U.S. government shutdown indicated that economic growth may be better than expected. Risks to the U.S. labor market have increased.

The rising risks in the labor market validate the rate cut in September. (FX678)