The Fed’s preferred measure of underlying inflation accelerated in October on an annual basis, offering support for a careful approach to further reductions. Meanwhile, Powell noted downside risks to the jobs market appear to have receded.
US Federal Reserve (Fed) chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates.
“We can afford to be a little more cautious as we try to find neutral,” Powell said in reference to the level for rates that neither spurs nor restrains the economy.
