Powell Says Fed Doesn’t Need to Rush Interest-Rate Cuts

- Federal Reserve Chair Jerome Powell stated that the central bank is not rushing to cut interest rates - Powell mentioned that the US economy is growing strongly and the labor market is still strong - The Fed is awaiting more evidence that inflation is contained before considering cutting rates - Powell made these comments at an event at the San Francisco Fed - Investors should pay attention to inflation data and how it could influence future Fed decisions on interest rates.