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Powell: Discussion on timing of interest rate cuts is still ongoing.

BlockBeats news, on December 14th, Federal Reserve Chairman Powell stated that we believe we have done enough in terms of interest rates, but we are not yet fully confident in this view. Discussions about the timing of interest rate cuts are ongoing, and decisions will be made very cautiously. (Jinse)

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Powell Press Conference Full Transcript: Hold on, We Won't Cut Rates Proactively

Quick review of the key points of Powell's hawkish press conference

Powell does not believe that the sharp interest rate cut indicates that a US recession is imminent, but rather that it is more of a preventive action aimed at maintaining the "robust" status quo of the economy and labor market.

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Powell: Discussion on timing of interest rate cuts is still ongoing.

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