Powell: The Federal Reserve is currently in a favorable position of wait-and-see and will not preemptively cut interest rates

According to Foresight News, according to Wall Street Watch, Federal Reserve Chairman Powell stated during a Q&A session after the FOMC meeting that "the economy has remained resilient, policy positioning is correct, and the Fed is now in a favorable position to wait and see. There is no need to act urgently, and the cost of further observation is quite low." In addition, Powell also stated that he has never proactively requested a meeting with any president and will not do so in the future.