Federal Reserve Doesn’t ‘Need to Be in a Hurry’ to Cut Interest Rates: Jerome Powell

‘We think our policy rate is in a good place,’ says Federal Reserve Chair Jerome Powell.

Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times

Federal Reserve Chair Jerome Powell says the U.S. central bank does not “need to be in a hurry” to lower interest rates.

Powell reiterated that monetary policymakers are not in a rush to cut rates when he appeared before the Senate Banking Committee on Feb. 10 for his semi-annual monetary policy report.