Powell indicates conditions 'may warrant' interest rate cuts as Fed proceeds 'carefully'

So putting the pieces together, what are the implications for monetary policy in the near term. Risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation when our goals are intentioned like this.Our framework calls for us to balance both sides of our dual mandate. Our policy rate is now 100 basis points closer to neutral than it was a year ago. and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we co ...