Fed's Powell does not take hike off table but says it is unlikely for now

NEW YORK, March 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday a rate hike is not the expected path of monetary policy.

Officials discussed the chance “our next move might be an increase” but “the vast majority of participants don't see that as their base case,” Powell said at a press conference following their policy meeting. But he added, “we don't take things off the table.”