Powell: Believes that currently no one sees raising interest rates as the baseline expectation, with the debate centered on whether to keep rates steady or to cut them.

BlockBeats News, December 11th, Federal Reserve Chairman Powell stated, I don't think anyone would currently see a rate hike as the base case. The disagreement lies in whether to keep the interest rate unchanged or to cut it.

Some think we should stand pat and wait and see. Some think we should cut rates again once or multiple times. (FXStreet)