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2025-07-31 03:20:44
When asked what the Fed needs to see in the data before making a decision to cut interest rates, Federal Reserve Chairman Powell said that it would depend on "all the evidence" between now and the next meeting in September. He also said that "we have not made any decisions about September." If the Fed believes that the risks facing its dual mission are completely balanced, it means that it will take a more neutral stance, because restrictive policies support the Fed's inflation target. If interest rates are adjusted before the inflation problem is resolved, it will result in a waste of resources, but adjusting too late will damage the labor market. He emphasized that the key is to "get the timing right."
