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Powell: Another rate cut in December is not a foregone conclusion, there are significant divisions within the committee, the job market continues to cool, and there is short-term upward pressure on inflation (full text attached)
Some FOMC members believe it is time to pause. Powell stated that higher tariffs are driving up the prices of certain categories of goods, leading to an overall increase in inflation.
Bessent: A candidate for Federal Reserve Chair may be selected before Christmas; I don't like the wording of this rate cut.
The second round of interviews for the Federal Reserve Chairman is about to begin.
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MorePowell: Another rate cut in December is not a foregone conclusion, there are significant divisions within the committee, the job market continues to cool, and there is short-term upward pressure on inflation (full text attached)
Bessent: A candidate for Federal Reserve Chair may be selected before Christmas; I don't like the wording of this rate cut.
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