Powell says US Fed in no hurry to cut rates after pause

Jerome Powell. (Image: Getty)

Thu, 30 Jan 2025

By Daniel Avis The US Federal Reserve is in no hurry to adjust interest rates again, the central bank's chair, Jerome Powell, said on Thursday (NZ time) after policymakers voted to pause rate cuts in the first decision since Donald Trump's return to the White House.The Fed's rate-setting committee voted unanimously to keep the bank's benchmark lending rate at between 4.25% and 4.50%."With our policy stance significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry...

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