TechFlow news, January 30 — Federal Reserve Chair Powell said in today's early-morning press conference that the U.S. economy remains generally strong, with the labor market cooling slightly but still solid.
He noted that inflation has approached the target but remains somewhat elevated, and that the labor market is not currently a source of inflationary pressure, so the Fed does not need to rush to adjust policy rates.
Chair Powell emphasized that rate cuts would only be considered if there is substantial progress on inflation or signs of significant weakness in the labor market.
Regarding the possibility of a rate cut in March, Powell reiterated that there is no need to rush, as the Fed will take time to assess the impact of the new administration's policies, including tariffs, immigration, fiscal measures, and regulations.
