Washington CNN —
The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
“With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” Powell said.
The Fed chief is testifying on Capitol Hill as part of his semiannual monetary policy report, starting Tuesday with the Senate Banking Committee, followed by the House Financial Services Committee on Wednesday.
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