Powell says Fed can be more cautious, largely unchanged rate cut expectations

Federal Reserve Chairman Jerome Powell said on Wednesday that the U.S. economy is stronger than when the Fed began cutting interest rates in September last year, making policymakers likely to be more cautious about further rate cuts. "We can be a little more cautious as we try to find a neutral position," Powell said. Powell's remarks on Wednesday seemed to be in line with more cautious policymakers and largely echoed the previous view that the Fed could "carefully" consider rate cuts and did not need to act in a hurry. Powell's remarks on Wednesday did not significantly change the current expectation of another 25BP rate cut in December. (Jinshi)