Fed's Powell said rate cuts are possible if data supports that
ReutersMay 7, 2025 7:09 PM
By Michael S. Derby
NEW YORK, May 7 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday the outlook for monetary policy might bring lower short-term interest rates.
The outlook "could include" rate cuts or holding steady on interest rates depending on what the economy does, Powell said in a press conference following the latest Federal Open Market Committee meeting.
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