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Bloomberg Television

Powell says Fed could cut rates “as soon as” September meeting #shorts 😺

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we have made no decisions about future meetings and that includes a September meeting the broad sense of the committee is that the economy is moving closer to the point at which it will be appropriate to reduce our policy rate uh in that we will be data dependent but not data point dependent so it will not be a question of responding specifically to one or two data releases the question will be whether the totality of the data the evolving Outlook and the balance of risks are consistent with Rising confidence on inflation and maintaining a solid labor market if that test is met a reduction in our policy rate could be on the table as soon as the next meeting in September

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