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2025-09-16 23:18:20
Fed Voice: Powell's Attitude on the Job Market This Week May Indicate Future Policy Direction] Nick Timiraos, a Fed Voice, writes in his latest article: "With a Fed rate cut virtually certain this week, investors will be watching to see whether Powell will further his recent shift in stance. Investors will be closely watching for a key piece of information: Will Powell and his colleagues set a total of three rate cuts this year, or stick with their June forecast (when the job market appeared more robust and a minority of officials projected two rate cuts)? Last month, in a highly anticipated speech, Powell's concern about the job market outweighed the concerns of some of his colleagues about inflation. The question now is: Will Powell further intensify this concern following the weak August non-farm payroll report? If he does, it would confirm market expectations of further rate cuts in the coming meetings, but it might also require overcoming the concerns of some colleagues who are hesitant to commit to such a rapid policy shift due to concerns about the neutral interest rate level and whether the rate should be moved to neutral.
