U.S. Federal Reserve Chairman Jerome Powell has reinforced the possibility of cutting interest rates,... but stressed the Fed will not respond immediately to temporary changes.
Speaking in New York on Tuesday,... he explained that appropriate measures will be taken to maintain the expansion,... while the Fed closely monitors current economic developments.
His remarks mirror those he made in early June,... when he hinted at a possible rate cut going forward.
Powell also stressed the Fed's independence and said he will not bend to short-term political interests.