Fed Chair Powell: I don't think a rate hike is anyone's base case at this point

Chair Powell, there's been some discussion recently of the 1990s. In the 1990s, the committee did two discrete sequences of three quarter point cuts. One in 199596 and one in 1998.And after both of those, the next move in rates was up, not down. With policy now closer to neutral, is it a foregone conclusion that the next move in rates is down or should we think of policy risks as genuinely two-sided from here. >> So, I don't think that um a a rate hike is anybody's base as the next thing is anybody's base c ...