Powell: December Rate Cut Still Uncertain

Striking Statements from Powell

The Chairman of the U.S. Federal Reserve, Jerome Powell, highlighted the critical importance of the upcoming meeting in December following the meeting in October. Powell emphasized that no definitive decision has yet been made regarding the reduction of the policy interest rate.

Differences of Opinion and Discussions

Powell noted that there are significant differences of opinion among Committee members regarding a potential interest rate cut in December. In this context, he stated, "There were different perspectives on how to proceed in December during the discussions in this meeting. There is no certainty that the policy interest rate will be lowered further at the December meeting."

Risks Related to Inflation and Employment

Powell expressed that current economic data indicates upward risks regarding inflation while revealing downward challenges in employment. How this situation will impact the Fed's future policies remains a point of curiosity.

Expectations for Economic Growth

Additionally, referring to some data before the closure, Powell mentioned that there are strong signals indicating that economic growth may exceed expectations. These developments are being closely monitored by investors and market analysts.

As a result, it is anticipated that the Fed meeting in December will have a significant impact on market dynamics and the overall economic trajectory. Powell's statements are considered a situation that investors and economic experts should closely follow.