Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a 'sequence' of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
Fed chair Jerome Powell says the central bank would engage in a "sequence" of rate cuts if conditions warrant. But he doesn't see the need right now.
"If the economy does turn down, then a more extensive sequence of rate cuts will be appropriate," Powell says. "If the economy does turn down, then a more extensive sequence of rate cuts will be appropriate," he said during his post-meeting news conference. "We don't see that. It's not what we expect."
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