Washington, Jan 29, 2025 (AFP) - Powell says US Fed in no hurry to cut rates after pause

NAMPA / AFP

2025-01-30

The US Federal Reserve is in no "hurry" to adjust interest rates again, the central bank's chair Jerome Powell said Wednesday, after policymakers voted to pause rate cuts in the first decision since Donald Trump's White House return. The Fed's rate-setting committee voted unanimously to keep the bank's benchmark lending rate at between 4.25 percent and 4.50 percent, the Fed announced in a statement. "With our policy stance significantly less rest......

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