Powell said the Federal Reserve can be more cautious, generally not changing the expectations for interest rate cuts

ChainCatcher message, Federal Reserve Chairman Powell stated on Wednesday that the U.S. economy is performing stronger than it did when the Fed began cutting rates last September, which may lead policymakers to be more cautious about further rate cuts. Powell said, "We can be a bit more cautious as we try to find a neutral stance."

Powell's remarks on Wednesday seem to align with the more cautious policymakers and largely echo the earlier view that the Fed can "carefully" consider rate cuts without rushing into action. Powell's comments did not significantly change the current expectation of a 25 basis point rate cut again in December.