Federal Reserve Chair Jerome Powell reinforced Wednesday that the central bank is in no hurry to cut interest rates, dismissing speculation about a potential move in May.
At the FOMC press conference, Powell stated that policymakers have broadly raised their estimates of risks to the Fed's economic goals, emphasizing the need to monitor financial conditions carefully.
Moreover, he underscored the Fed's focus on "hard data" rather than market speculation, adding that while "soft data" could eventually influence economic conditions, the Fed has not yet seen such effects materialize.
