Federal Reserve Chairman Powell: Maintains expectation of two rate cuts in 2025, no adjustment to interest rate policy for now.

Gate.io News bot message, The Federal Reserve (FED) Chairman Powell recently gave a speech, announcing that the FED will maintain the current interest rate levels. He pointed out that the current weak economic growth is hedging against rising inflation, and the FED will still maintain the expectation of two rate cuts in 2025.

Powell emphasized in his speech: “Our obligation is to keep long-term inflation expectations stable and ensure that one-time price increases don’t become an ongoing inflation problem. We’re better off waiting for clearer information before considering adjusting our policy stance. It’s premature to say what the appropriate path of policy will be.”