Further Fed rate hike unlikely, but not ruled out, Powell warns

An additional increase in interest rates from the American central bank (Fed) is unlikely, but not excluded, warned the president of the institution, Jerome Powell, during a press conference on Wednesday.

Although (Fed) officials consider it unlikely that it would be appropriate to raise rates again, they have not ruled out the possibility either, he said after the Fed let them unchanged for the third time in a row on Wednesday.

While remaining cautious about the evolution of rates, Mr. Powell acknowledged that the Monetary Committee (FOMC) during its meeting on Wednesday had discussed an early timetable for rate cuts.

Of course, the question that is beginning to emerge is when it will be appropriate to reduce restrictive monetary policy, Mr. Powell said, adding that this question of a timetable had been a subject of discussion during the Committee meeting. Wednesday.

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