Fed’s Powell Expects Good Relations With Trump Administration
- Says officials can be cautious with additional rate cuts
- Chair sees no reason solid economic conditions can’t continue
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Federal Reserve Chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates.
“We can afford to be a little more cautious as we try to find neutral,” Powell said in reference to the level for rates that neither spurs nor restrains the economy.