Strong Economy Leaves Fed in No Hurry to Cut Interest Rates, Says Chair Powell

If you’ve been eagerly anticipating an onslaught of interest rate cuts, Federal Reserve Chair Jerome Powell’s latest comments could put a crimp in your plans.Following the Fed’s quarter-percent rate cut at its November meeting, experts have been less confident about more cuts in the near term amid continued reports about resilient consumer spending and mixed employment reports. Powell’s remarks to business leaders in Dallas this week indicated the Fed isn’t in any rush to mess with a good thing.”The economy is not sending any signals that we need to be…

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