Powell: Current economic growth may be better than expected, a rate cut in September is reasonable

BlockBeats News, on October 15, Federal Reserve Chairman Powell stated that the future direction of monetary policy will be driven by data and risk assessments. Data before the U.S. government shutdown indicates that economic growth may be better than expected. Downside risks in the U.S. job market have increased.

The rising risks in the job market justify the rate cut in September. (Golden Ten Data)