Powell Says a March Rate Cut Is Not Likely. but Don't Overlook His Other Comments
Federal Reserve Chair Jerome Powell used his press conference Wednesday to throw cold water on market expectations that the Fed would begin to cut interest rates in March."Based on the meeting today, I would tell you that I don't think it is likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that, but that is to be seen," Powell said."So, I wouldn't call it...the most likely case, or what we would call the basecase," he