That actually makes a lot of sense, he’s statements are so vague that I’m never sure if they are gonna cut or keep the rates. I’m guessing the neutral rate they are target will be about 3.50% so just like BOE, they will mak like 3 more cuts in 2025

Fed's Powell: I feel very good about where monetary policy is

I don’t understand why he is never direct in his speeches. Like just tell us if you’re gonna hike or cut the rates for godsake

Fed's Powell: I feel very good about where monetary policy is