Powell: The Federal Reserve is in a position to either cut interest rates or maintain a restrictive stance.

[Powell: The Federal Reserve is in a position to either cut interest rates or maintain a restrictive stance] Federal Reserve Chairman Powell stated that the Federal Reserve is in a position to either cut interest rates or maintain a restrictive stance. The removal of wording regarding risks from the statement does not imply any signals. When asked whether the Federal Reserve would cut interest rates in May, Powell stated that they would not rush to cut rates.

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