Skip to content
Subscriber Only
Markets
Economics

Powell Says Fed Will Sustain Expansion, Reinforcing Rate-Cut Bet

  • Fed chair’s remarks solidify expectations for 25 bps rate cut
  • Powell, speaking in Zurich, plays down recession risks
Video player cover image
Powell Expects Moderate Economic Growth, Says Fed Will Act as Appropriate
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

Federal Reserve Chairman Jerome Powell said the most likely outlook for the U.S. and world economy is continued moderate growth. His comments cemented expectations for another quarter-percentage-point cut in interest rates later this month.