Jerome Powell Suggests Fed Is on Track to Cut Interest Rates Once Again
Update: 2025-10-14
Description
Federal Reserve Chair Jerome Powell suggested Tuesday that the central bank may be on track to lower its interest rate target range again in 2025.
Powell said in a speech at an event hosted by the National Association for Business Economics that based on data currently available amid the ongoing government shutdown, “it is fair to say that the outlook for employment and inflation does not appear to have changed much” in the past four weeks. His comments appear to signal that the Fed is on track to make more rate cuts in the future after lowering its target range in September.
Powell said in a speech at an event hosted by the National Association for Business Economics that based on data currently available amid the ongoing government shutdown, “it is fair to say that the outlook for employment and inflation does not appear to have changed much” in the past four weeks. His comments appear to signal that the Fed is on track to make more rate cuts in the future after lowering its target range in September.
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