Several Fed officials have said they believe the fed funds rate remains in restrictive territory and favor moving gradually down toward it.

Jerome Powell noted that the economy was not signaling any distress that would necessitate an accelerated pace of rate cuts. On the contrary, he remarked, “if the data allow us to proceed a bit more gradually,

The central bank has made its latest interest rate decision amid reports about Fed Chair Jerome Powell.

Jerome Powell has made it clear that if President Donald Trump attempts to fire him, he’ll sue. He’s said it once, he’s said it a hundred times: The Federal Reserve’s chair can’t be tossed out simply because the Oval doesn’t like interest rate policy.