Powell: Fed Rates Borderline Restrictive, Difficult Situation

Federal Reserve Chair Jerome Powell stated that the current federal interest rates are "borderline restrictive," acknowledging a "difficult situation" for the central bank. Speaking at a news conference following the Federal Open Market Committee's decision to keep rates unchanged, Powell emphasized the need to carefully balance existing economic risks. His comments suggest the Fed is approaching a cautious stance, indicating potential flexibility in future monetary policy decisions while closely monitoring inflation and growth.