Fed Chair Jerome Powell recently stated that he views the Federal Reserve's interest-rate stance as 'still modestly restrictive' despite last week's rate cut. This suggests that there may be further opportunities to lower rates in the future. Powell also cautioned that there is 'no risk-free path' in navigating monetary policy, highlighting the complexities involved in managing the economy. This matters because it indicates the Fed's ongoing assessment of economic conditions and its potential impact on borrowing costs for consumers and businesses.

Fed Chair Jerome Powell recently described the Federal Reserve's interest-rate stance as 'still modestly restrictive' despite last week's rate cut. This suggests that there may be further opportunities to lower rates in the future. Powell also cautioned that there is 'no risk-free path' in navigating economic policy, highlighting the complexities and potential risks involved. This matters because it indicates the Fed's careful approach to managing the economy while balancing inflation and growth.