Powell: Rate hike is not anyone's foregone assumption, no one is expecting the next meeting to include a rate hike

BlockBeats News, January 29, Federal Reserve Chair Powell: Rate hike is not anyone's baseline assumption. No one expects a rate hike at the next meeting.

If the labor market is weak, a rate cut is needed, while a rate cut is not needed if the labor market is strong. If the downside risks to the labor market reemerge, they must also be monitored. (jin10)