The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
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Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a ...
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The U.S. central bank has lowered interest rates by 0.75 point since September.
The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,” Powell said.
The major averages fell Thursday as Fed Chair Powell signaled patience in the pace of lowering interest rates.
"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.